AFESD loans

Tunisia: Al Watad party sacks leader for attending controversial national dialogue meeting

Al Watad, a democratic party in Tunisia, announced Sunday the sacking of its leader Mongi Rahoui for having taken part in the first meeting of the much-criticized national dialogue proposed by President Kais Saied. Al Watad said in a statement Rahoui went against the party’s decision not to take part in the dialogue. Rahoui attended […]

Morocco-based Themis to develop 550MW natural gas-fired power plant in Nigeria

Private Equity-backed Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. At a project cost of approximately $600 million, the plant is set to become one of the world’s lowest cost natural gas-fired […]

Morocco creates agency to oversee reconstruction in quake-hit High Atlas Mountains

Morocco set up the High Atlas Mountains development agency to oversee reconstruction efforts in the earthquake-hit areas. The agency was set up in implementation of Royal directives which urged speeding up reconstruction efforts after the 7-magnitude quake that left nearly 3000 people dead, and damaged 60,000 homes. The agency will oversee projects aiming at rehousing […]