People gather during a protest over President Abdelaziz Bouteflika’s decision to postpone elections and extend his fourth term in office, in Algiers

BMCE Bank of Africa Gets €35 Mln Loan for Energy Efficiency Projects

Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]

Algeria-China prepare pelagic fishing and aquaculture development

Algeria and China are interested in implementing a bilateral cooperation in aquaculture and fisheries based on their mutual interest. Officials from both countries met to further discuss its development in Algeria with technical assistance from Beijing. The North African country is also willing to open its doors to Chinese investors in such sectors in order […]

South Africa: 15% Eskom tariff hike could cut 150,000 mining jobs

The Minerals Council of South Africa on Thursday warned that the country could lose up to 150,000 jobs, if state-owned electricity supplier Eskom is granted permission to increase electricity tariff by 15%. Eskom has asked government for a 15% tariff increase over three years. The mining lobby group said the move would also hasten the […]