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Algeria to Invest US$71 Billion in Energy Sector by 2017

Algeria is expected to invest US$71 billion in the energy sector over the five coming years, becoming thus the third largest investor in the sector in the MENA (Middle East and North Africa) region. According to a report released earlier this week by the Arab Petroleum Investments Corporation (APICORP),  with its USD 71 billion worth […]

Africa Open for Business Summit, held on UNGA sidelines, focuses on women’s leadership

The annual Africa Open for Business Summit that is held in New York this week (18-20 September) focuses on the theme “Women of Africa and the Diaspora and the Fight for Climate Justice.” The 5th of its kind, the summit is part of the global activities taking place around the high-level week of the 78th […]

Pandemic and Ukraine war are pushing Africa’s power companies to the brink

The COVID-19 pandemic and the ongoing war in Ukraine have been pushing many electric grid utilities in Africa — which have long been strapped for cash — close to financial collapse, whereby this situation is in turn also slowing down the continent’s clean energy transition. Ghana’s electric grid is in dire straits. In the mid-2010s, […]