Emerging Markets Finance Headlines Morocco

World Bank approvres $350 million financing for Morocco’s water program

The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]

Africa Comments Community International

Nigeria, Benin keen to spur custom cooperation

Bachir Adewale Adeniyi, Head of Nigeria’s customs is expected in neighboring Benin Monday July 24 as both countries seek to boost custom cooperation. Adeniyi, reports say, will hold talks with Benin authorities on several topics including development of trade between the counties and the fight against fraud. The Nigerian top official will meet up with […]

Africa Features Headlines International

Post-Cotonou: EU green-lights new treaty with African, Caribbean and Pacific states

After more than a two-year delay, the EU Council finally ratified (20 July) a new treaty with African, Caribbean and Pacific countries that covers a wide range of areas, from sustainable development and growth, to human rights and peace and security. Recognized as one of the EU’s oldest and broadest cooperations with other countries, the […]

Energy Features Headlines

Angola: new Cabinda oil refinery secures funding led by Gemcorp, AFC, Afreximbank

Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]

Africa Emerging Markets Energy Europe Headlines International Morocco

Morocco-Nigeria pipeline: UK’s RPS to undertake meteorological and oceanographic studies

British consulting firm RPS won a contract to undertake a study on the meteorological and oceanographic conditions for the Nigeria-Morocco gas pipeline. The contract was awarded by Morocco’s mines and hydrocarbons agency ONHYM and the Nigerian National Petroleum Company, RPS said on its website. The pipeline project is supported by the Organization of the Petroleum […]

Community Europe Headlines International Morocco

Morocco calls for paradigm shift in how migration is tackled in Mediterranean

Morocco’s foreign minister highlighted at an international conference in Rome the King’s vision in favor of a solidarity-approach towards migration that breaks away with the all-security treatment of the issue. Speaking at the International Conference on Development and Migration, chaired by the Italian Prime Minister, Giorgia Meloni, foreign minister Nasser Bourita recalled Morocco’s role under […]

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Russia-Africa summit: by halting grain deal, Putin risks alienating its African partners

When African leaders meet with Russian President Vladimir Putin in St. Petersburg in late July for a summit, their discussions will likely be overshadowed by Russia’s pull-out of the Black Sea Grain Initiative that could badly damage Moscow’s relations with its African partners. Billed as strengthening cooperation in peace, security, and development, the Russia-Africa Summit […]

Egypt Europe International

Egypt to assist Greece fight wildfires with Chinook helicopters

Egypt is set to send three Chinook helicopters to Greece to help in fighting forest fires, the Armed forces of the North African country announced Sunday July 23. The helicopters are equipped with advanced equipment required to help put out the fires raging in a number of forests in Greece, Egyptian Armed Forces’ Spokesman Gharib […]

Africa Finance International

Burkina Faso launches new “Caisse de dépôt et d’Investissement” to finance major projects

Burkina Faso is setting a new Caisse de dépôt et d’Investissement, CDI-BF, assigned several tasks including financing of State’s major projects. The decision, “Sika Finance” reports, came during a cabinet meeting last week. The CDI-BF replaces Caisse des dépôts et consignations (CDC) created in 2017 and dismantled in 2022 for lack of results. The CDI-BF […]

Africa Headlines International

Gabon: Elections commission validates 19 candidates for August presidential polls

Nineteen candidates will run for August 26 presidential elections in Gabon, up from 27 bids received by the country’s Center of Elections (CGE). The CGE, led by Michel Stéphane Bonda, Sunday unveiled the roaster of final candidates to seek the country’s top job, “Gabon Review” reports. The Center disqualified 8 candidates after receiving 27 bids […]