Nairobi diesel power plant to be converted to gas-fired generators

The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said.   The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]

Private investment, Morocco’s way forward to bolster growth

Over the past two decades, investment in Morocco amounted to 30% of GDP annually, in an effort led by the state. This model has hit its limits as Morocco aspires to see the private sector playing a leading role in promoting investments and bolstering growth. The adoption of the investment charter last year aims to […]

Japanese Mitsui Invests Over $27 Mln in Morocco’s Agribusiness

Japanese group Mitsui & Co. has injected over $27 million in the capital of Zalar Holding, an operator of grain, feed, and broiler integration businesses in Morocco and Senegal. The two sides also agreed to set up a strategic business alliance. Through this transaction, Mitsui & Co. looks forwards to contributing to food supply in […]