Abderrazak-Hamdallah-Worlds-Top-Scorer-in-2019-with-57-Goals

Moroccan Dolidol Company to step up operations in Nigeria with IFC Support

Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria. The financing package includes a loan of €13.5 million from IFC and €6.5 million provided by Proparco, the French Development Institution. The financing will […]

EU’s expanded carbon border tax set to hit African exporters hard

Recent amendments to the European Union’s Carbon Border Adjustment Mechanism (CBAM) are set to significantly affect African exporters, particularly those in industries with high carbon emissions, experts say. Introduced last month, these changes expand the scope of the CBAM to include indirect emissions — those generated by electricity used in production. This poses a serious […]

Lekela Power signs PPA for 250-MW wind project in Egypt

Lekela Power, a pan-African renewable energy generation company, has sealed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Co (EETC) for its 250-MW wind farm in the Gulf of Suez. The wind farm will be installed near Ras Ghareb and is slated for commissioning in 2021, reports indicated on Wednesday. Once operational, the […]