riots in Tunisia

Nigeria plans to renovate refineries, cut fuel imports

Nigeria’s state-oil firm NNPC plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports. Despite controlling the world’s 10th-largest oil reserves, Nigeria has only four aging, inefficient state-owned refineries, leaving it almost wholly reliant on imports for its fuel needs. Italy’s Maire Tecnimont won a […]

Mauritania: Mining permits must support production, not speculation

Mauritania’s Minister of Mines and Industry, Eddi Ould Zeine, has reaffirmed the Government’s commitment to strengthening governance in the mining sector, stressing that mining permits are meant for resource exploitation and value creation rather than speculation or monopolies. Speaking at a press conference after the Council of Ministers meeting, Ould Zeine said the recent cancellation […]

EBRD Supports Morocco’s Water Conservation Efforts with €150 Mln funding

The European Bank for Reconstruction and Development (EBRD) provides Morocco a €150 million loan to finance the third phase of Saïss Water Conservation Program. The package also includes a $7.5 million grant from the UK under the EBRD’s High-Impact Partnership for Climate Action (HIPCA) multi-donor fund. Recognising the project’s strategic importance for Morocco, the Bank […]