dlamini-zuma-african-union

Congo’s green gold rush: as U.S. scrambles for minerals, locals brace for fallout

The Democratic Republic of Congo (DRC) has become the latest front in the U.S.-China rivalry, as President Donald Trump intensifies efforts to secure critical minerals needed for electric vehicles and clean energy. Backed by billionaires Jeff Bezos and Bill Gates, U.S. firm KoBold Metals recently secured seven lithium exploration permits, including access to the coveted […]

EBRD to invest $75m in HAU Energy BV to back 1.1 GW Gulf of Suez wind farm in Egypt

The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities that operates in Egypt and is running a project known as 1.1 GW Gulf of Suez wind farm. The investment is set to […]

Morocco spearheads collective efforts in favor of Africa’s financial resilience to global crises

Morocco has hosted within four weeks three key events to leverage resources and spur joint action in favor of Africa’s financial resilience in the face of overlapping crises. Last month, Morocco hosted a meeting of African Union finance ministers to discuss common challenges and how to maintain steady funding for the continental organization. The same […]