Libyan NOC Chairman Mustafa Sanalla

World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle

Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]

Illegal power connections: Tunisia loses over $106m a year

Tunisia loses around $106.8 million annually owing to power theft through illegal connections, an official of the power and gas company (STEG) said Tuesday. Khaled Makni, head of the STEG energy loss reduction department, told local Shems fm at least 20 thousand Tunisians are involved in the theft cross the country. The theft occurs either […]

Spain’s TSK to start works in Noor Midelt 1 in automn 2019

The consortium that won the bid to build Noor Midelt 1, a 800 MW solar plant, has signed with Spain’s TSK to start works in late 2019. The consortium composed of French EDF Renewables, UAE’s Masdar and Morocco’s Green of Africa said that the plant will be operational by 2022. Noor Midelt 1, worth $780 […]