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fromBusiness Matters
1 week ago

UK withdraws $1.15bn loan from Mozambique gas project over climate and security risks

The UK government has withdrawn its backing for a $1.15bn (£870m) loan to a major gas development in Mozambique, citing escalating concerns over climate impact, human rights violations and the deadly insurgency that engulfed the region. Business secretary Peter Kyle confirmed on Monday that the UK Export Finance (UKEF) agency would pull its support for the long-delayed Mozambique liquified natural gas project, led by French energy giant TotalEnergies.
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fromBusiness Matters
1 month ago

Welsh steel firm wins 1.1m Ukraine bridge contract to support post-war reconstruction

Pontypool-based Pro Steel Engineering secured a £1.1 million contract to manufacture 200 tonnes of steel girders for a bridge near Kyiv, supporting Ukraine's reconstruction.
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