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See all the latest news from the Business Council for Africa and from around the continent. 

2015

October 2015

14 October 2015

View from IMF - This is Africa's coverage

The annual meetings of the IMF and the World Bank Group each year bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss progress on the work of the IMF and the World Bank Group.

Adrienne Klasa, editor of This is Africa, Silvia Pavoni and James King, editors of The Banker, cover the key themes and discussions from the event recently held in Lima.

Watch the interviews 

2015

February 2015

13 February 2015

Nigeria: Chevron commits over $10M to community development projects

Chevron Nigeria Limited (CNL) has provided over $10 million to fund various infrastructural and non infrastructural community development projects in its operational areas in Nigeria in the last one year under its Global Memorandum of Understanding (GMoU).

The Manager, Communications Policy, Government & Public Affairs of Chevron, Mr. A. O. Adebawo, said in Lagos that under the GMoU, host communities were greater role in managing their development through Regional Development Councils (RDCs).

He noted on the strength of the GMoU, which has brought peace and stability to areas where Chevron operates, several communities have benefited from projects, including water supplies, rural electrification projects, school building, cottage hospital, road and drainage networks, town halls, housing for displaced people, scholarship, and micro-credit scheme among others.

According to Adebawo, the new and innovative approach to engagement with host oil communities, has 3 significantly improved relationship with host communities. He explained that the GMoU, a Nigerian National Petroleum Corporation (NNPC)/Chevron Joint Venture, is a deal between Chevron and RDCs – a governance structure in each cluster made up of community representatives, NGO representatives, and government and company representatives. The model engages host communities through the RDCs to manage participatory development initiatives funded by Chevron. This new approach, according to Adebawo, is a paradigm shift from the old method where host oil communities were given handouts. (APA 11-01-2016)

Hear from the experts about Nigeria's 2016 development plan at the Business Council for Africa Nigeria's Vision event on the 27th January. Click HERE for more details.