Italy, Egypt edging towards multi-billion arm deal as relation thaw

The Italian government is on the verge of rubber-stamping a large arm sale to Egypt as relations between the two countries warm up. The deal, which includes frigates, Eurofighter Typhoons, and a military satellite, has been already endorsed by the Ministry of Defense, La Republica reports. Italian and Egyptian media had reported earlier this year […]

The Green Climate Fund approves €100 million to finance renewable energy in West Africa

With financial backing from Green Climate Fund, the West-African Development Bank (BOAD) has approved a €100 million loan to finance renewable energy development in countries from the West African Economic and Monetary Union. The goal of the Green Climate Fund (GCF) is to limit or reduce greenhouse gas emissions in developing countries and help adapt […]

Morocco’s OCP Group secures €200M green finance from Germany’s KfW

OCP Group, the world leader in plant nutrition solutions and phosphate-based fertilizers, announced it has finalized a €200 million financing agreement with KfW, Germany’s development and investment bank, to enhance global food security and combat climate change. The KfW loan is a significant contribution towards OCP Group’s $13 billion green investment strategy for 2023-2027 to […]