Libyan al_senoussi

OCP invests in new U.S. technology to co-produce clean hydrogen with sulfuric acid

Moroccan OCP Group, the world’s largest producer of phosphate-based fertilizers, has partnered with U.S. Peregrine Hydrogen Inc, a climate technology company, to co-produce clean hydrogen with sulfuric acid with an advanced electrolyzer technology. Under an agreement inked by the two parties, OCP pledges to fund deployment of Peregrine novel hydrogen technology and purchase the products […]

Afreximbank to disburse $85 bln to support intra-African trade

African Export-Import Bank (Afreximabank) plans to disburse about $85 billion in support of intra-African trade until 2021, Benedict Okey Oramah, the president and chairperson of the bank said. Speaking on the sidelines of the 32nd African Union Summit, Oramah said the move is crucial to achieving African economic integration. He said the bank is working […]

Libya contemplates seizure of Zambia’s international assets over $380-million debt

Libya’s telecommunications investor LAP GreenN, controlled by the UN-backed Government of National Accord (GNA) is considering seizure of Zambia’s international asset in a bid to recoup $380 million that Southern African country owes it.   The debt, LAP GreenN notes, dates back to Zambia’s nationalization of Zamtel in 2012, a year after LAP GreenN bought […]