Skip to main content

page search

Olam secures a US$176 million term loan from IFC and JICA

29 April 2020

Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), have secured multi-tranche financing facilities (the “Facilities”) aggregating US$176.0 million from the International Finance Corporation (“IFC”) and Japan International Cooperation Agency (“JICA”). 

The Facilities consist of two tranches – a 5-year term loan of US$120.0 million and a 7-year term loan of US$56.0 million. 

Abuja lands not properly demarcated, leads to disputes, human rights violations- IHRC tells FCTA

01 May 2020

The International Human Rights Commission (IHRC) has said in Abuja that it has observed recurrent cases of land disputes arising from the lack of proper demarcation by the department of development control of the Federal Capital Territory Administration.

The country head of the IHRC in Nigeria, Ambassador Friday Sani at a press conference on Friday expressed concern that the body has also observed alleged violation of human rights by field officials of the department of development control of the FCTA.

Carbon credits up in forests

29 April 2020

Minister of Environment Say Sam Al has urged relevant stakeholders to take part in protecting and conserving natural resources in wildlife sanctuaries. This, he said, will facilitate carbon credit sales to raise money to support local communities.

Sam Al made his suggestion when he led experts and relevant local authorities on a visit to Mondulkiri province to examine the protection and conservation of the Keo Seima Wildlife Sanctuary on Tuesday and Wednesday.

Addis Ababa City Government Makes 1,000 People Homeless

30 April 2020

April 30, 2020 (Ezega.com) -- The Addis Ababa City Government has demolished dozens of homes belonging to day laborers over the past three weeks, rendering at least 1,000 people homeless amid the COVID-19 pandemic, Amnesty International said on Wednesday.

Most of those whose homes have been destroyed recently lost their jobs due to the ongoing COVID-19 shutdowns told Amnesty International that they are now also having sleepless nights as authorities repeatedly confiscate tarpaulin or plastic sheeting they are using to shelter against heavy rains.

Cambodia welcomes sisal into crop portfolio

27 April 2020

Cambodia will soon start cultivating sisal, an agave plant native to southern Mexico which produces a strong fibre, after China Great Cause (Cambodia) Investment Co Ltd received an economic land concession in Preah Vihear province to build a processing plant.

The company imported the sisal – also known by the botanical name Agave sisalana – and will start growing it on 180ha of its 1,200ha plantation in the province’s Rovieng district.

Pangilinan urges gov’t to use Landbank, other institutions in disbursement of aid to farmers

29 April 2020

Opposition Senator Francis N. Pangilinan today suggested that the government fast-track the release of financial aid to quarantine-affected farmers by decentralizing disbursement from Land Bank of the Philippines (LBP).

The fifth report of Malacanang to Congress submitted last April 27 showed that the financial subsidy to rice farmers (FSRF) of the Department of Agriculture (DA) reached only 53,881 (or 9.11 percent) out of 591,246 targeted farmers, and P645 million of FSRF’s P3 billion has been utilized.

Rio Tinto accused of violating human rights in Bougainville for not cleaning up Panguna mine

31 March 2020

New report alleges mine caused environmental devastation and ongoing health problems for communities

Anglo-Australian mining giant Rio Tinto is accused of being responsible for “multiple human rights violations” after its Panguna mine on the island of Bougainville left people with a dangerous legacy of poisoned water, polluted fields and a ruined river valley, according to a damning report from the Human Rights Law Centre.

Subscribe to