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Mauritania signs $300 million deal for hybrid solar-wind power plant

Mauritania has signed its first independent power producer contract — a $300 million agreement with Iwa Green Energy — to build a 60-megawatt hybrid solar-wind power plant, Ecofin Agency reported. The facility, scheduled for commissioning in September 2026, represents a major milestone in the country’s strategy to boost electricity generation through private financing while accelerating […]

Chariot Oil Company gets new exploration license in Northern Morocco

The UK Chariot Oil & Gas company has secured a new offshore exploration license in Northern Morocco. The formal award of the “Rissana” license is expected in 2021, says the oil company. Under terms of the agreement reached, 75pc interest and operatorship of the Rissana licence will be awarded to a wholly owned subsidiary of […]

FIFA to contribute to African Football Development with €1 billion

The International Football Federation announced Saturday that it would release one billion euros from its reserves to develop African football. The announcement was made by President of the football world governing body Gianni Infantino, who was taking part in the opening of a two-day seminar on the development of football infrastructures and competitions management on […]