A 160-year dream has moved closer to reality as feasibility studies conclude that an undersea tunnel connecting Morocco and Spain beneath the Gibraltar Strait is technically achievable, despite its massive complexity and estimated €8.5 billion price tag. German engineering firm Herrenknecht, a global leader in tunnel boring machine manufacturing, conducted the decisive study commissioned by […]
The US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), has approved an $87 million loan to Lekela Egypt Wind Power BOO. According to local media, Lekela Egypt Wind Power BOO, a subsidiary of Lekela Power, an independent power producer (IPP) based in Amsterdam, Netherlands, will use the loan to develop the Ras […]
The African Continental Free Trade Area (AfCFTA) is on track, but more efforts are needed, experts say, as presently intra-Africa trade stands low at just 14.4% of total African exports. A low intra-continental, as well as global trade pattern by African countries, has mainly been attributed to a lack of adequate infrastructure, climate change, structural […]
