Cameroon kickstarts power interconnection project with Chad

Cameroonian authorities launched Tuesday November 21 Cameroon-Chad Interconnection Project, a bilateral high-voltage (HV) interconnection project between the two countries that involves 1.556 km of new transmission lines financed by the World Bank and the African Development Bank (AfDB) to the tune of $750 million. Gaston Eloundou Essomba, Cameroon’s minister of Energy launched the interconnection project […]

Santiago Backs Morocco’s Autonomy Plan Offering Realistic Political Solution to Sahara Issue

The government of Chile expressed on Friday its full support to the autonomy plan offered by Morocco to reach a realistic, viable and definitive political solution to the regional dispute over the Sahara. In a joint statement issued in Santiago following the visit paid by Moroccan Minister of Foreign Affairs Nasser Bourita, the government of […]

IFC accords $150m loan to Olam to boost palm oil production in Gabon

The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of Singapore-based Olam International, to boost the company’s production of palm oil in the central African country. The loan, Gabon Review reports, will be used in the construction of a biodiesel […]