Tanzania inaugurated the Julius Nyerere dam and hydropower plant on Saturday, a $2.9 billion project constructed by an Egyptian consortium over five years. Egyptian Prime Minister Mostafa Madbouly attended the ceremony.
Myanmar's military has deployed hundreds of troops to forcibly clear areas designated for a Russia-backed special economic zone in the country's south, burning villages and sealing off land. Separately, a military airstrike on a Buddhist monastery in Sagaing region killed 14 people during a meditation retreat.
Major lenders including Bank of America and Goldman Sachs are now incorporating local community opposition into credit-risk assessments for data center projects, as at least 75 projects worth approximately $130 billion face local resistance. Banks are favoring jurisdictions with stronger permitting prospects and less risk of delays due to community backlash.
Venezuela's interim government has signed a cooperation agreement with U.S. energy company GE Vernova to rebuild and improve the country's deteriorating electrical grid, which has been plagued by frequent and lengthy power outages in recent years.
Foreign ministers from Australia, India, Japan and the United States agreed to jointly construct a port in Fiji and signed agreements covering critical minerals and energy security, seeking to strengthen cooperation in the Indo-Pacific region.
India's ruling Bharatiya Janata Party (BJP) led by Prime Minister Narendra Modi has won control of West Bengal state for the first time in state elections, marking a significant breakthrough in one of India's most challenging political territories. The victory is expected to accelerate the government's push for uniform civil law reforms and infrastructure development.
The World Bank Board of Directors approved $265 million in financing for the Ifahsa Pumped Hydropower Storage Project in northern Morocco, marking one of the most significant clean energy infrastructure investments of its kind on the African continent.
