IDH

Africa Energy Bank set up to reduce dependence on foreign funding for oil & gas projects

The African Petroleum Producers’ Organization (APPO) is putting the finishing touches to establish the Africa Energy Bank (AEB) that will offer alternative funding source for oil and gas projects on the continent after international financing institutions have started scaling back their funding, citing stringent conditions and environmental concerns. Speaking at a recent Nigeria International Energy […]

Africa faces looming ‘debt crisis’ and ‘lost decade’, warns World Bank

Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]

French Aircraft Manufacturer Daher Enhances its Presence in Morocco

French aircraft and service maker, Daher, has opened its new plant in Tangier, expanding its production operations in the North African nation. The new site strengthens the company’s position in Morocco as an aircraft manufacturer, equipment supplier and service provider. It follows a first site in Tangier in 2001 and a second in Casablanca in […]