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Egypt: Nine Banks to invest $1.5 billion in coal-fired power plant

In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]

Japan, Côte d’Ivoire sign €5.3m deal to support rice production

Japan will provide Côte d’Ivoire with equipment worth €5.3 million to support the West African country’s national plan to grow rice and consequently reduce its dependence on importation. Ivorian Minister Finance Adama Coulibaly and country presentative of Japan International Cooperation Agency (JICA) Usui Yukichi signed last week the equipment financing. The West African country plans […]

Israeli Raid on Al Aqsa Mosque: Rabat condemns “blatant aggression“

Morocco has strongly condemned the raid of Israeli occupation forces on Al Aqsa Mosque, the closing of its gates and the attack against unarmed worshipers in the mosque compound, leaving many injured. “This blatant aggression and methodical provocation during the holy month of Ramadan against the sanctity of the mosque and its place in the […]