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Saudi-led consortium seals deal with Egypt on $1.5bn in 1.1 MW wind project
A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]
Libya : Tobruk parliament endorses General Khalifa Haftar
The internationally recognized parliament in the eastern town of Tobruk has decided to join hands with the renegade former general, Khalifa Haftar, to fight against the Islamists. The move is contradictory to the parliament’s previous call for all armed groups to lay down their arms. Haftar has recently launched Operation Dignity in his fight against […]
Energy: Financial boost for 44-MW dam in Côte d’Ivoire
The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. “As our first equity investment […]



