EU announces about €200 million investment in renewable energies in Nigeria

The European Union (EU) announced two major investments in Nigeria in the renewable energy sector. The investments include a €30 million from the Electrification Financing Initiative (ElectriFI) and a €165 million direct loan from the European Union. The announcement was made during the inauguration of a solar tree at the headquarters of the European Union […]

Russian EVs producer Concordia to set up manufacturing factory in Egypt

Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]

US State Department accelerates Sudan’s removal from list of State sponsors of terrorism

The US State Department is reportedly pushing for Sudan’s removal from the list of state sponsors of terrorism. Mike Pompeo is asking senators to remove Khartoum from this list, which would simplify the economic situation of the country in crisis. Mike Pompeo calls on senators to “seize this opportunity,” according to a letter from him […]