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Business Emerging Markets

Energy Market: ECOWAS completes its new Regional Master Plan

North Africa Post

The Economic Community of West African States (ECOWAS) has finalized its new Regional Master Plan for the Production and Transmission of Electric Power. The plan, which was presented by Secretary General of the West African Power Pool (WAPP), Siengui Appollinaire Ki, aims to increase power access and coverage across the West African region. The new […]
Algeria Finance Headlines Morocco

Morocco surpasses Algeria in foreign exchange reserves

North Africa Post

Morocco, a country with a diversified economy, has outpaced hydrocarbon-rich Algeria in foreign exchange reserves, reaching approximately $50 billion in September, according to central bank data. This milestone underscores the success of Morocco’s diversified and productive economy, while exposing the costs of Algeria’s rentier economy which led to restrictive import policies and heavy reliance on […]
Egypt Energy Europe Headlines International

EBRD to invest $75m in HAU Energy BV to back 1.1 GW Gulf of Suez wind farm in Egypt

North Africa Post

The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities that operates in Egypt and is running a project known as 1.1 GW Gulf of Suez wind farm. The investment is set to […]