Tag: South Africa

EconomyPolicy

G20 Finance Chiefs Issue Chair Summary Emphasizing Economic Resilience and Reform Needs

The G20 Finance Ministers and Central Bank Governors have concluded their Washington meeting with a Chair Summary instead of a formal communique. The document underscores global economic resilience while pointing to significant ongoing challenges. Members emphasized the need for multilateral coordination and development bank reforms.

G20 Meeting Concludes With Chair Summary on Global Economic Outlook

The G20 Finance Ministers and Central Bank Governors have wrapped up their fourth meeting under the South African Presidency in Washington, according to reports from Reuters. Instead of issuing a formal communique, the group released a Chair Summary, which has become common when participants cannot reach full consensus.

by Sarah Collins
EnergySustainability

South Africa’s $5.8B Coega Green Ammonia Project Advances With European Backing

The Coega green ammonia project in South Africa’s Eastern Cape has received significant European Union endorsement as it progresses through development phases. The $5.8 billion facility aims to produce over one-million tonnes annually of green ammonia for export markets while creating more than 20,000 jobs.

Major Green Ammonia Project Advances in South Africa

A massive $5.8 billion green ammonia project in South Africa has received high-level international endorsement and is progressing toward a 2027 construction start, according to project developers. The Coega green ammonia project, located in the Coega Special Economic Zone alongside the Port of Ngqura in Gqeberha, represents one of Africa’s most ambitious renewable energy initiatives.

by Darren Holt