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ROSATOM inks long-term contract for supply of nuclear fuel components to ETRR-2 reactor in Egypt

Russian Novosibirsk Chemical Concentrates Plant (NCCP), an enterprise of ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed a 10-year contract for supply of low-enriched nuclear fuel components, such as uranium and aluminum items, for ETRR-2 research reactor. ETRR-2, a research reactor of Argentinian design, is based at the Nuclear Research Center […]

Covid-19: EBRD supports Morocco’s response efforts with €145 Mln funding

The European Bank for Reconstruction and Development (EBRD) announced on Tuesday a €145 million financing facility to Moroccan Bank of Africa (BMCE Group) to support the country’s coronavirus response. This is the first investment to be delivered under the EBRD’s coronavirus Resilience Framework that was set up to meet the immediate short-term liquidity and working […]

Hit by Low oil prices, Nigeria opts for borrowing; Algeria chooses to starve its people

The end of the era of expensive oil has put strains on the budgets of Nigeria and Algeria pushing the first to seek foreign borrowing while the latter adamantly sticks to zero borrowing policy at the expense of starving its population. Nigeria, which has a more diversified economy compared to Algeria, is knocking on the […]