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Morocco’s energy efficiency plan to create 150,000 jobs by 2030

Morocco plans to create 150,000 jobs in the next decade out of energy efficiency projects, the finance ministry said in an official document. The strategy provides for including energy efficiency measures in construction, industry, transport, public lighting, agriculture and fisheries, the document showed. It also aims at reducing the energy cost by 250 billion dirhams […]

Libya: Zeidan addresses eastern independent oil sales intention

The Libyan government is running out of patience with protesters who have laid siege on main ports and are now threatening to sell oil independently. Prime Minister Ali Zeidan has warned that the government will use all the force it has without any reservations if such attempts are made. Oil production and exportation is Libya’s […]

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]