African nations should not be expected to take the lead in addressing a climate emergency they did not create. The priority for Africa is to receive support and investment to build resilience and adapt to climate impacts.
These decisions have the potential to significantly impact companies with current and future mining and development licences where there are questions around environmentally sensitive areas.
Kenya is set to receive Ksh300 billion after it won a case against Cortec Mining Kenya Ltd, associated with slain businessman Jacob Juma and Stirling Limited for revoking the mining license of niobium and rare earth minerals.
Kenya spends at least Sh500 million in defending a single case filed by investors at international courts under the Bilateral Investment Treaties, according to a regional trade negotiation institute.
The government risks losing up to Sh500 billion in an international arbitration case against mining firm, Cortec, after it failed to provide Sh100 million in the second mini-budget to pay a UK-based law firm representing it in the case.