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via pv-magazine01/21/2021

2021: 34% year-on-year growth projected in annual PV installations - pv magazine International

The PV industry is in for a wild ride to add 158 GW in 2021, writes IHS Markit’s Josefin Berg. Delayed projects from this year, together with a generally increased appetite for renewables around the world, leads us to project 34% year-on-year growth in annual PV installations in 2021 – a year when module prices will remain high for at least the first two quarters.

via guardian.ng01/10/2021

Coronavirus – Zambia: COVID-19 update (9th January 2021) - Guardian

Past 24 Hours: Tests: 12,383 Cases: 1,241 Recoveries: 163 COVID-19 Associated Deaths: 5 COVID-19 Deaths: 4 Deaths Pending Classification: 14 Total COVID-19 Deaths: 23 Cumulative: Tests: 686,515 Cases: 26,567 Recoveries: 20,512 COVID-19 Associated Deaths: 291 COVID-19 Deaths: 159 Total COVID-19 Deaths: 464 Deaths Pending Classification: 14 Currently Hospitalised: 191 Community Management: 5,400 Total Active Cases: […]

via finance.yahoo11/13/2020

Zambia Plan to Sell Billionaire’s Mines Stuck in Legal Mire - Yahoo Finance

(Bloomberg) -- Zambia’s plan to sell the copper mines it seized last year from billionaire Anil Agarwal’s Vedanta Resources Ltd. is bogged down in legal challenges that are discouraging buyers.Arbitration between Vedanta and Zambia will proceed in London in January, after the government alleged the company lied about expansion plans and paid too little tax. That leaves cash-starved Konkola Copper Mines Plc in the hands of a court-appointed liquidator, with the prospect of a protracted legal process deterring potential investors.“Investors obviously want to know the outcome of the arbitration and the other legal cases before they proceed,” Barnaby Mulenga, permanent secretary in Zambia’s ministry of mines, said in an interview.Zambia’s government has more pressing priorities, after bondholders rejected its request for debt relief. Finance Minister Bwalya Ng’andu said the nation won’t pay a coupon due Friday and would fall into arrears, setting it on course to become Africa’s first sovereign defaulter since the onset of the coronavirus pandemic.Read More: Zambia Closer to Default After Creditors Reject Interest FreezeMulenga said the KCM assets have attracted interest from investors in Turkey, Russia, the U.K. and Canada, who would jointly run KCM with state-owned ZCCM Investments Holdings Plc. While a rally in copper helps KCM’s short-term finances, the arbitration will further delay a turnaround that could require investment of more than $1 billion. The uncertainty is being compounded by the pandemic.“We had hoped that the disputes in court and arbitration would be resolved quickly and that way the assets would fetch more,” said Milingo Lungu, the provisional liquidator. “Covid has also been a factor as most companies are not able to make investment decisions in these uncertain times.”The arbitration case may not be concluded before early 2022, according to Peter Leon, a partner at Johannesburg-based Herbert Smith Freehills, who is advising Vedanta but isn’t directly involved in the legal process.“There is no way they can sell KCM to another investor because that would be flying in the face of litigation in Zambia and the arbitration processes,” Leon said.Vedanta is committed to engaging with the government to end the wrangle over the assets, where it’s invested more than $1.7 billion, a spokesperson said. The company has denied allegations it hasn’t paid enough tax.“This includes our commitment to financial and technical support to KCM in order to stabilize the current operations and further develop the assets,” the spokesperson said.Mounting ProblemsIn the meantime, KCM’s relatively high-cost operations are languishing. Mining output is on the “low side,” with processing operations relying on shipments of third-party copper concentrates, said Mulenga, declining to provide figures.The government may help cover some costs at KCM, which reported a loss of $332 million in the year through March 2019. As of May, the business also owed $145 million to Copperbelt Energy Corp., according to the power supplier.The mounting problems at KCM also highlight the political risks posed by elections next year in Africa’s second-largest copper producer. President Edgar Lungu’s government clashed earlier this year with Glencore Plc over the commodity giant’s plan to mothball its Mopani Copper Mines to weather the impact of the pandemic. Other copper miners have halted $2 billion of planned investments because of a dispute over a royalty tax.(Updates with comments on Zambia falling into arrears in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

via menafn11/08/2020

Coronavirus: African Union Member States reporting COVID-19 cases as of 7 November 2020, 6 pm EAT - MENAFN.COM

ADDIS ABABA, Ethiopia, November 8, 2020/APO Group/ --

African Union Member States (55) reporting COVID-19 cases (1,856,261), deaths (44,477), and recoveries (1,556,290) by region:

Central (61,124 cases; 1,155 deaths; 55,443 recoveries): Burundi (605; 1; 511), Cameroon (22,103; 429; 21,151),

via eureporter.co10/30/2020

Coronavirus resurgence: Commission steps up action to reinforce preparedness and response measures across the EU - EU Reporter

The European Commission is launching an additional set of actions to help limit the spread of the coronavirus, save lives and strengthen the internal market's resilience. Concretely, the measures aim to better understand the virus' spread and the effectiveness of the response, ramp up well-targeted testing, bolster contact tracing, improve preparations for vaccination campaigns, and […]

via eureporter.co10/29/2020

Investment, connectivity and co-operation: Why we need more EU-African co-operation in agriculture - EU Reporter

In recent months, the European Union has demonstrated its willingness to promote and support agricultural businesses in Africa, under European Commission’s Africa-EU Partnership. The Partnership, which stresses EU-African co-operation, especially in the wake of the COVID-19 pandemic, aims to promote sustainability and biodiversity and have championed promoting public-private relationships across the continent, writes African Green […]

via metro.us01/20/2021

Exclusive: COVID-19 shots to cost $3 to $10 under African Union vaccine plan - Metro US

<div class="at-above-post addthis_tool" data-url=""></div>NAIROBI/JOHANNESBURG (Reuters) – African countries will pay between $3 and $10 per vaccine dose to access 270 million COVID-19 shots secured this month by the African Union (AU), according to a draft briefing on the plan prepared by the African Export-Import Bank (Afreximbank) and provided to Reuters. South African President Cyril Ramaphosa, who serves as […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post addthis_tool" data-url=""></div><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><!-- AddThis Related Posts below via filter on get_the_excerpt --><div class="at-below-post-recommended addthis_tool" ></div><!-- AddThis Related Posts generic via filter on get_the_excerpt -->

via socialnews.xyz12/26/2020

Coronavirus - Zambia: Daily status update (25th December 2020) - Social News XYZ

Cumulative Cases: 19,571 Total Recoveries: 18,127 COVID-19 Deaths: 127 COVID-19 Associated Deaths: 254 Active Cases: 1,063 Distributed by APO Group on behalf of Zambia National Public Health Institute (ZNPHI). &nbsp; Media filesDownload logo Facebook Comments... - Social News XYZ


Zambia in talks with Russia on accessing Sputnik V coronavirus vaccine - Yahoo India News

Lusaka [Zambia], November 9 (ANI/Sputnik): Zambia is eager to get Russia's Sputnik V coronavirus vaccine as soon as it hits the market, the African nation's ambassador told Sputnik, adding that health ministers of the two countries were already in talks on the matter.

via finance.yahoo11/09/2020

Infineon forecasts strong rebound in year ahead from coronavirus slump - Yahoo Finance

German chipmaker Infineon forecast double-digit revenue growth for the year ahead, sending its shares higher even as management proposed to trim the dividend to account for the blow inflicted by the coronavirus pandemic. The Munich-based power chip specialist ditched its financial guidance in March as the coronavirus hit - just before its $10 billion acquisition of U.S. Cypress Technologies closed - but has since been lifted by an auto industry recovery. "The sequential increase in revenue is very significant and confirms that the June quarter had marked the low point," CEO Reinhard Ploss said of the automotive segment that accounts for two-fifths of Infineon's revenue.

via menafn11/07/2020

Coronavirus - Zambia: Daily status update (6th November 2020) - MENAFN.COM

LUSAKA, Zambia, November 7, 2020/APO Group/ --

Cumulative Cases: 16,819
Total Recoveries: 15,862
COVID-19 Deaths: 118
COVID-19 Associated Deaths: 231
Active Cases: 608

Distributed by APO Group on behalf of Zambia National Public Health Institute (ZNPHI).


via business-standard11/27/2020

World Coronavirus Dispatch: Zambias default sparks fears of debt tsunami - Business Standard

Read more about World Coronavirus Dispatch: Zambia's default sparks fears of debt tsunami on Business-standard. Pandemic puts AIDS-related gains at risk, Museum of London asks citizens to share Covid dreams, virus revives debate on value of high-stake exams, and other pandemic-related news across the globe

via finance.yahoo11/13/2020

Zambia Vice-President Wina tells parliament "this country will not default" - Yahoo Finance

Zambia's Vice-President Inonge Wina told lawmakers on Friday that the southern African copper producer, which has until the end of the day to make payment on a missed Eurobond coupon, would not default. "This country is not ready to default, and I can assure the honourable members that this country will not default," she said during a parliament session.

via finance.yahoo11/09/2020

Philippines reports 108 more COVID-19 deaths, highest toll in over two weeks - Yahoo Finance

The Philippines reported 108 new deaths from COVID-19 on Monday, the highest daily death toll since Oct. 23, taking total fatalities to 7,647, the country's health ministry said. The Department of Health also reported 2,058 new coronavirus infections, taking the total to 398,449, the second highest number in Southeast Asia.

via guardian.ng11/08/2020

Coronavirus: African Union Member States reporting COVID-19 cases as of 8 November 2020, 9 am EAT - Guardian

African Union Member States (55) reporting COVID-19 cases (1,870,348) deaths (44,849), and recoveries (1,577,213) by region: Central (61,377 cases; 1,156 deaths; 55,446 recoveries): Burundi (612; 1; 511), Cameroon (22,342; 429; 21,151), CAR (4,875; 62; 1,934), Chad (1,543; 99; 1,365), Congo (5,379; 92; 4,891), DRC (11,550; 319; 10,838), Equatorial Guinea (5,092; 83; 4,968), Gabon (9,022; 55; 8,878), […]

via menafn11/01/2020

Coronavirus - Zambia: Daily status update (31st October 2020) - MENAFN.COM

LUSAKA, Zambia, November 1, 2020/APO Group/ --

Cumulative Cases: 16,432
Total Recoveries: 15,680
COVID-19 Deaths: 118
COVID-19 Associated Deaths: 231
Active Cases: 403

Distributed by APO Group on behalf of Zambia National Public Health Institute (ZNPHI).