Shell acquires Nigeria’s Daystar to enter African renewable energy market

The acquisition of Nigeria-based Daystar Power by Shell is significant for the UK-headquartered oil giant, which has long been active in the continent’s hydrocarbons market, as it must look for new sources of growth as fossil fuels are phased out. Shell has acquired Daystar Power, a Nigeria-based provider of hybrid solar power solutions to commercial […]

Africa faces looming ‘debt crisis’ and ‘lost decade’, warns World Bank

Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]

Moroccan Abderrazak Hamdallah’s transfer to Aston Villa impossible: lack of enough matches with Atlas Lions

Moroccan footballer Abderrazak Hamdallah will not join English side Aton Villa as rumored because he does not qualify for English Premier League condition demanding non-European players to have at least played 75 per cent of their national teams’ matches over the past three years. Hamdallah, Saudi domestic club Al Nasr’s striker, ended in November his […]