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Tag: AU

AU council honours Gulf Treasures boss, seeks partnership on Africa challenges

AU council honours Gulf Treasures boss, seeks partnership on Africa challenges

Business
The African Union (AU) Economic, Social and Cultural Council (ECOSOCC) has called for partnership among key stakeholders to address insecurity, poverty, illiteracy and other development challenges undermining the regional economy. It made the call at the inaugural ceremony of a two-day stakeholders’ consultative meeting on ‘Enhancing Efficiency, Growth and Sustainability towards Implementation of African Union Vision in Nigeria held in Abuja. At the forum held in collaboration with the Office of the Secretary to the Federal Government, ECOSOCC also honoured the Managing Director of Gulf Treasures Limited/Danco Investment and founder of Anamero Idofe Anamero Foundation, Anamero Dekeri, as the Role Model and Ambassador for the Implementation of African Union’s Agenda 2063. The ...
Why refined products standard is critical to Africa

Why refined products standard is critical to Africa

Business
A move by the African Refiners & Distributors Association (ARA), and the African Union (AU), to ensure common standard for the importation and refining of petroleum products on the continent remains critical to trade, environment and the economy of the region, stakeholders said, Wednesday. Under the plan, Africa is expected to adopt harmonized AFRI Clean Fuel Specifications across. The Cleaner Fuel spec recommends adoption of AFRI five (50 ppm sulphur for gasoline and diesel) by 2025, and AFRI 6 spec (10 ppm for same products) by 2030. ARA Executive Secretary, Anibor Kragha, had told The Guardian that the objective is to stop the importation of fuels not meeting these AFRI specs into Africa by 2021, and give existing refineries until 2025 to upgrade their faciliti...