Afreximbank approves $200 million for Uganda crude pipeline as NGOs denounce the project

Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]

Tunisia’s foreign exchange reserves down 3%

Cash-strapped Tunisia reported a 3% decrease in its foreign exchange reserves to 22.9 dinars ($ 7.5 bln), enough to cover 99 days of imports, as the country struggles to access foreign debt amid a biting social and economic crisis. The decline follows the government’s $1 billion Eurobond repayment in February, reducing import coverage. The government […]

Swedish Azelio Partners with Morocco’s MASEN to Build Full-Scale Verification Project

The Private Swedish company Azelio, which specializes in Sterling-based energy solutions, announced that together with its strategic partner, Morocco’s Agency for Sustainable Energy, Masen, it will build in Morocco a full-scale verification project by the end of the year. Part of its global expansion, the company said it is opening an office in Morocco to […]