Marrakech Formula E race

Algeria proceeds to urgent spending cuts to delay bankruptcy

Time and money are running out for Algeria as it eats into its foreign reserves trying to avert the inevitable: bankruptcy. The country’s Prime Minister Abdelaziz Djerad has ordered an urgent spending cut to try to offset falling income from oil and gas.     An unexpected rise in spending in 2020 due to the […]

Comoros to assume Africa Union chairmanship in 2023

Comoros will assume for the first time the chairmanship of the African Union in 2023 as Senegal’s mantle comes to end this month. The island takes the new role after the contender Kenya pulled out its bid, Africa News reports. President Azali Assoumani and his Kenyan counterpart William Ruto had been separately lobbying for the […]

Solar Energy: WB Lends Morocco additional $125 Mln for Noor-Midelt Complex

The World Bank has granted Morocco a $125 million additional financial support to enable the North African Kingdom build the Noor-Midelt I and II plants expected to produce 600-800 megawatts. The Noor-Midelt complex will be the country’s second concentrated solar power (CSP) complex built under the Noor Solar Plan. The Solar Plan is a critical […]