Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, desalination, green hydrogen, and ammonia. The news, relayed by Medias24 and major news agencies, marks the first bond by OCP since it announced an ambitious growth strategy of about $12 […]
Egypt’s ambitious goals to have renewable energy accounting for over 42% of Egypt’s energy mix by 2040 were outlined during the BRICS Energy Ministers Conference held in Moscow this week. In an address before the conference, Minister of Electricity and Renewable Energy, Mahmoud Esmat, said Egypt also targets to capture 5-8% of the global green […]
U.S. President Joe Biden has announced $11 million in humanitarian aid to Libya to support people affected by the storm Daniel which hit the city of Derna and a number of cities in THE eastern part of the oil-rich African country. The White House said that the State Department and USAID will assist in coordinating […]
