coal fired power plan

Tunisia gets $268.4 million loan from World Bank to finance power connection project

The World Bank Thursday approved a $268.4 million loan to Tunisia earmarked for financing electricity connection with Italy, State-run news agency TAP reports. The electrical interconnection project known as ELMED is set to provide a 230 km-long 600MW connection to Italy’s Sicily. ELMED will produce a quantum leap in the integration of the electricity markets […]

COVID-19: African diaspora’s remittances to drop in 2020

The coronavirus pandemic and its economic consequences in host countries will have a negative impact on migrants’ money transfers to Africa, which are expected to fall sharply in 2020, according to World Bank experts. The COVID-19 pandemic is a blow to the economy of the countries on the African Continent, the experts say. In 2019, […]

Morocco: Cannabis production accounting for 23% of country’s GDP, US State Department claims

The US State Department has sounded the alarm over production of cannabis in Morocco claiming that the export of the drug and its processed by-products represents 23 per cent of the country’s Gross Domestic Product (GDP). The kingdom, according to the State Department, remains one of the world largest producers and exporters of cannabis. Around […]