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African Development Bank approves 450 million euro guarantee for OCP green investment program

The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]

Libya: ISIS attacks Ras Lanuf, warns of more assaults

Libya’s oil sector suffered a major attack on Thursday as the Islamic State group destroyed oil storage tanks at Ras Lanuf port after its successive attacks to take over the port failed. National Oil Corporation (NOC) stated that areas around the terminal are dealing with an “environmental catastrophe” with the fire services unable to access […]

EU delegation to Libya welcomes detainees’ release, urges action on arbitrary disappearances

The European Union Delegation to Libya has expressed approval following the release of a group of detainees by Libyan judicial authorities, hailing the move as a step towards strengthening the rule of law and human rights in the country. In a statement, the mission also voiced concern over troubling reports of arbitrary disappearances, particularly the […]