Shell to cut 9,000 jobs by 2022

UNITED KINGDOM – Royal Dutch Shell PLC, a global group of energy and petrochemical company has announced a major restructuring to combat plunging oil prices driven by the coronavirus pandemic warning that it will also spark more asset write-downs in the third quarter. Royal Dutch Shell said in a statement that it would axe between 7,000 and 9,000 positions by the end of 2022, of which 1,500 staff have already agreed to take voluntary redundancy this year. The job cuts would amount to roughly 10 percent of Shell’s total global…

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World Bank appoints New Country Director for Kenya, Rwanda, Somalia and Uganda

EAST AFRICA – The World Bank has appointed Mr. Keith Hansen as the new Country Director for Kenya, Rwanda, Somalia and Uganda, with effect from September 8, 2020. Mr. Hansen, who has over 30 years of experience in development practice, will lead an active multi-country portfolio consisting of over 100 projects totalling more than US$13 billion. Under the new regional boss’s leadership, the World Bank will work closely with the four countries to provide innovative products and services that respond to their diverse development challenges and contribute to achieving sustainable…

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