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EAC to provide 7,480 megawatts of electricity by 2022

The East African Community (EAC) has secure $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity by 2022. The regional bloc comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The funds – […]

Libya: European Countries Want Libya Peace talks

Some of the European countries that supported the rebellion in Libya have publicly made a statement regarding the chaotic situation in the North African country on the sidelines of the conference in Rome to end the crisis. The weak central government has been urged to engage in talks with the heavily armed militia groups. The […]

Chariot raises $15 Million in funds for a new onshore gas drilling in Morocco

Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company said the funds were raised through the placement and subscription of 89.6 million shares at an issue price of 14 pence per share, according to a statement from Chariot posted […]