professeur

Morocco increases defense budget as it prepares for industrialization

The Moroccan government increased the budget allocated for defense to 133 billion dirhams ($13.5 bln) as it prepares to promote defense industries and upgrade equipment, as shown in the draft budget for 2025. This year, Morocco’s defense budget was at 124 billion dirhams, highlighting the country’s efforts to modernize its army with state-of-the art technologies. […]

Africa: $11bn mini-grids fund to bring energy to 100 million people

Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is planning to unlock more than $11 billion from investors to bring electricity to at least 100 million people on the continent. The new financing facility attracted $16 million in its first close – enough to fund mini-grids that could connect 170,000 people, according […]

Libya: Sharara oil field production rises to 85.000 bpd

Production in the Sharara oil field has increased to approximately 85,000 barrels per day (bpd) to support the Al-Zawiya oil refinery. The National Oil Corporation (NOC) had previously declared force majeure on the Sharara oil field after its shutdown on August 7. The NOC informed foreign partners and customers that this force majeure would not […]