UN environment assembly-nairobi

Africa leads the world in mini-grid investment

Africa has secured 87% of global funding for crucial energy infrastructure, marking significant progress in the continent’s pursuit of sustainable and accessible energy solutions, a 2024 report from the World Bank and the Energy Sector Management Assistance Program (ESMAP) said. From 2021 to 2022, the number of people benefiting from mini-grids in Africa skyrocketed from […]

AMF grants Morocco $127 Million Loan

The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]

Mali: Barrick Gold confirms suspension of operations in gold mine

Barrick Gold Corporation said that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali, where authorities have also seized the company’s existing gold stock from the site to a custodial bank. Malian authorities have seized an amount of gold estimated at $245 million in an escalation of their long-running dispute with […]