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EBRD supports Morocco’s packaging industry with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]

Renewable energy: Italy, Tunisia revive plans for 600 MW project

Italy and Tunisia are reviving plans for power interconnection between the two countries. The project has been under development by Italian transmission company Terna and Tunisian gas and electricity group STEG since 2003. The project was originally conceived to export power generated in Tunisia to Italy but is now based on an electricity exchange in […]

Invictus Energy ready to start drilling for oil, gas in Zimbabwe by September

Australia-based Invictus Energy plans to start drilling its first exploration well for oil and gas in Cabora Bassa location in the northern part of Zimbabwe by early September. The first well, Mukuyu-1, will be 3.5 km deep at a cost of $16m, said Paul Chimbodza, chairman of the Australian company’s local subsidiary Geo Associates on […]