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What Future for the North Africa-to-Europe Power Super-Grid?

With the EU aiming to increasingly meet its energy needs from renewable sources – 30 per cent by 2020 and almost 100 per cent by 2050 – a great portion of this renewable power will have to come particularly from large-scale photovoltaic (PV) installations in sunny regions of the North Africa. But since the Maghreb […]

EU’s expanded carbon border tax set to hit African exporters hard

Recent amendments to the European Union’s Carbon Border Adjustment Mechanism (CBAM) are set to significantly affect African exporters, particularly those in industries with high carbon emissions, experts say. Introduced last month, these changes expand the scope of the CBAM to include indirect emissions — those generated by electricity used in production. This poses a serious […]

Morocco’s trade deficit narrows on lower energy imports

Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]