BCIJ

EU announces about €200 million investment in renewable energies in Nigeria

The European Union (EU) announced two major investments in Nigeria in the renewable energy sector. The investments include a €30 million from the Electrification Financing Initiative (ElectriFI) and a €165 million direct loan from the European Union. The announcement was made during the inauguration of a solar tree at the headquarters of the European Union […]

African & European Officials Commend Relevance of Moroccan Blue Belt Initiative

Several African and European officials as well as international experts commended the Blue Belt initiative, launched by Morocco at COP 22 in Marrakech, which aimed at establishing a platform for action to promote fisheries in Africa. The relevance of this initiative was highlighted at a high-level conference held on Tuesday in Agadir under the theme […]

MENA Region: Economies expected to grow by 5.5% in 2022 – World Bank

The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023, the World Bank says. Yet this growth is uneven across the region, as countries, still struggling to overcome the lasting effects of […]