News & Events

Alphabet’s Google, in collaboration with the US and Australian governments, will lay undersea cables to provide Internet access to eight Pacific Ocean nations. It will include Micronesia, Kiribati, the Marshall Islands, Papua New Guinea, the Solomon Islands, Timor-Leste, Tuvalu, and Vanuatu. The deal, expanding Google’s existing project in the region, involves a total funding of US$65 million. Canberra will contribute US$50 million, and Washington will add another US$15 million.

Read the original article here: https://www.reuters.com/technology/google-run-internet-cables-pacific-islands-australia-us-deal-2023-10-25/

Arc Minerals, a metals exploration company based in the UK, concludes the majority of regulatory requirements for its joint venture (JV) with an Anglo American unit regarding copper assets in Zambia. The share subscription in the JV has been finalised, with Anglo American acquiring a 70% stake. Arc’s licenses are positioned in the Domes region of Zambia’s north-western province. This area is adjacent to prominent mines like First Quantum Minerals’ Sentinel and Kansanshi copper mines, as well as Barrick’s Lumwana mine.

Read the original article here: https://www.msn.com/en-ca/news/world/arc-and-anglo-meet-regulatory-conditions-for-zambia-jv/ar-AA1j6g9T

The world’s largest climate fund has committed $39.1 million to aid Rwanda in combating climate change by restoring its last montane forests, located in the Congo Nile Divide. These forests, home to endangered chimpanzees, are crucial for regulating the local climate, and essential for key exports like tea, as reported by Bloomberg. In 2021, Gabon was the first African country to receive these funds.

Read the original article here: https://www.msn.com/en-za/news/other/world-s-biggest-climate-fund-to-back-rwanda-with-391-million-for-its-montane-forests/ar-AA1iSujB