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Mars E & P secures USD274m facility from Afreximbank

Mars Exploration & Production Company Limited has secured a USD 274 Million senior reserve-based lending facility from Afreximbank. Signed yesterday at the ongoing Intra-African Trade Fair IATF in Durban, South Africa by its Founder and Executive Chairman, Mr. Abdullahi Bashir,…

World spends $423bn annually on fuel subsidy — UN

Uthman Salami The United Nations has revealed that countries globally spend $423 billion of taxpayers money to subsidize fossil fuel usage annually. The head of the United Nations Development Programme, Achim Steiner made this disclosure on CNBC. He said that spending $423 billion a…