Minister Nzovu calls for Russian aid in agric, forestry, personnel training, clean energy
Green Economy and Environment Minister, Hon. Collins Nzovu, has appealed to the Government of the Russian Federation for support towards forestry management, sustainable agriculture, training of personnel and clean energy.
SWEDEN has committed US$2.6 million to Zambia for buying of essential newborn equipment, establishment of a centre of excellence and strengthening of neonatal intensive care in selected health facilities. And Minister of Health Sylvia Masebo is concerned about the escalation of the neonatal mortality rate in Zambia, from 24 percent to 27 percent per 1,000 live births. Swedish Ambassador to Zambia Anna Maj Hultglard says that country will continue supporting Zambia in strengthening essential newborn care services. Ms Hultglard said this yesterday during the launch of the 2021 World Prematurity Day. This year’s event was held under the theme “Zero separation and act now; keep parents and babies born too soon together”.
Stocks Drop as Inflation Angst Curbs Risk Appetite: Markets Wrap
Stocks fell on concern that inflation could pose a challenge to the global economic rebound, forcing central banks to raise interest rates sooner than expected. Treasuries rose. Traders took some risk off the table as data signaled homebuilders are struggling to break ground on projects amid high materials prices and ongoing labor shortages. Target Corp. sank after warning that cost pressures are creeping up, stoking fears they will dent profits at retailers. In late trading, Cisco Systems Inc., the biggest maker of computer networking equipment, slumped on a lackluster revenue forecast, hurt by a shortage of components that’s making it difficult to keep up with demand.
South Africa’s Energy Ministry Preparing for the End of Coal
South Africa’s energy department has said it will start preparing for the end of coal-for-power use in the country but cautioned that a retreat from the dirtiest fossil fuel must take account of the impact on the economy and the people who depend on it for a living. In a presentation to a small group of business, government and research representatives on Nov. 15, the department said it plans to set up a Just Energy Transition unit to help deliver an outcome “which delivers social justice,” according to a copy of it seen by Bloomberg. While the department declined to immediately comment on the presentation, four people with knowledge of it confirmed its veracity.
