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Uganda’s UNOC eyes China for funding to begin commercial oil production in 2025

Uganda and neighboring Tanzania are seeking investments of up to $20bn for a slew of new projects across the oil value chain, including to develop an export pipeline before 2025. The CEO of Uganda National Oil Company (UNOC), Proscovia Nabbanja, said that the state-owned oil company is pursuing several projects across the upstream, midstream and […]

Morocco imposes water-saving measures to mitigate drought impact

Morocco’s interior ministry has ordered water rationing in regions hit by drought, the worst Morocco has experienced in decades. Climate experts consider this drought the worst in 30 years and has hit all Moroccan regions compromising this crop year. The Interior ministry asked local governors to ensure that green spaces are not irrigated with drinking […]

Morocco-Nigeria Gas Pipeline Project: Islamic Bank co-funds front-end engineering design study

The Islamic Development Bank (IsDB) has agreed to fund 50 pc of the Front-End Engineering Design (FEED) Study for the Nigeria-Morocco Gas Pipeline project expected to enhance African integration, regional trade, and economic cooperation. The funding agreement was signed remotely on Monday by IsDB Vice President Mansur Muhtar, Moroccan Economy & Finance minister Nadia Fettah, […]