Commissioner Moscovici

Engie North Africa seeks buyer for its stake in Safi coal plant

North African offshoot at French Engie compagnie said it was looking to sell its stakes at Safi coal-powered station, as part of its plan to quit coal operations before 2027, its CEO told Reuters. The company operates Morocco’s largest wind park in Tarfaya and is building a desalination plant along with its wind farm in […]

African Nations launch alternative credit rating agency to challenge global giants

Africa is set to establish its own credit rating agency by June 2025, marking a significant shift in how the continent’s economies are evaluated. The Africa Credit Rating Agency (AfCRA) aims to provide more nuanced sovereign ratings by incorporating local contexts often overlooked by traditional agencies like Moody’s, Fitch, and Standard & Poor’s. This initiative […]

Mauritania 1-0 Algeria: Underdogs claim historic win as Algeria sent crashing out

Mauritania achieved a historic milestone by securing their first-ever victory at the Africa Cup of Nations, and to make it taste sweeter, it came against one of the continent’s traditional powerhouses, Algeria. Remarkably, this triumph propels Mauritania to the next round, while Algeria goes back home from the tournament without a win, marking this campaign […]