AfDB to invest $25 mln for renewables in sub-Sahara

The African Development Bank (AfDB) will invest up to $25 million in a private equity fund for renewable energy projects across Sub-Saharan Africa. According to the continental lender, the Board of Directors has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund […]

Algeria: After denying any desire to withdraw, TotalEnergies slips away secretly from Arzew project

TotalEnergies has abandoned the polypropylene plant project at Arzew, located on the Algerian coast, near Oran. However, no official announcement has been made by the French group. It was until May 18 that the British oil services company Petrofac revealed that STEP Polymers SPA (a 100% subsidiary of the Algerian state company Sonatrach) had awarded […]

Algerian cyberattack hits Morocco’s social security database

A group of Algerian hackers leaked data from social security fund CNSS concerning 500,000 companies and 2 million wage-earners, in the worst cyberattack against a Moroccan institution so far. CNSS has belatedly acknowledged the cyberattack while warning against disinformation and legal risks involved in sharing personal information that have been hacked. The attack evidences the […]