First Independent Mena Newspaper
A final deal involving all countries that will benefit from the gas pipeline that will connect Nigeria to Morocco is expected by year’s end, head of Morocco’s mines and hydrocarbons agency ONHYM Amina Benkhadra said. The project has been spearheaded by Morocco’s King as a key component of the Kingdom’s south-south cooperation approach. It has […]
Small-scale and coastal fishing landings at Morocco’s Mediterranean ports reached 10,879 tons by the end of August, marking a 13% decline compared to the same period in 2023, according to the National Fisheries Office (ONP). Despite the drop in volume, the value of these landings surged 8% year-on-year, totaling around 513.17 million dirhams for the […]
IFC has granted a €100 million loan to OCP Group, contributing thus to complete the desalinated water pipeline to connect Jorf Lasfar to Khouribga, whose construction is progressing well and is expected to be completed soon. The loan will support the construction of a 219 km pipeline and a new pumping station The infrastructure will […]
The African Development Bank approved a loan of 102.7 million dollars to help Togo farmers boost their resilience to climate change and foster sustainable agricultural practices. The funding also aims at helping farmers reduce greenhouse gas emissions and provides support for small irrigation systems covering at least 39,179 ha, in addition to the provision of […]
Aya Gold & Silver announced a preliminary agreement to sell its Tijirit mine in Mauritania to Mx2 Mining, a new company focused on developing gold projects in North Africa. As part of the deal, Aya will invest approximately CAD 7.5 million in Mx2, making it the majority shareholder and securing two seats on the Board […]
Senegal’s Prime Minister Ousmane Sonko revived last week a proposal to create a bank dedicated to the Senegalese diaspora. This initiative aims to channel the significant funds sent home by Senegalese expatriates into impactful and sustainable projects, reported Ecofin agency. The diaspora sends over $2.9 billion annually to Senegal, representing about 12% of the country’s […]
Canada’s Falcon Energy Materials said it signed a technical and strategic partnership with China’s Hensen to set up an anodes plant in Morocco to produce coated spherical purified graphite, a key electric battery component. Under this partnership, Hensen and Falcon will collaborate to develop a process flow sheet to produce coated spherical purified graphite as […]
The Organization for Economic Co-operation and Development (OECD) highlighted the resilience of the Moroccan economy in the face of external and climate shocks and underscored the relevance of Morocco’s reforms to attract more private investments and enhance social protection. This came in the OECD’s first survey on Morocco, presented in Rabat, including recommendations on improving […]
AngloGold Ashanti has reached an agreement to acquire Centamin Company in a transaction valued at around $2.5 billion. This acquisition will grant AngloGold control over the Sukari mine in Egypt, a renowned gold mine globally. Upon finalization, AngloGold shareholders are set to possess approximately 83.6% of the company, while Centamin investors will retain about 16.4% […]
The inaugural Senegal-Mauritania Economic Forum is scheduled for September 30 to October 1, 2024, at the Radisson Blu in Dakar. The event will center on the theme, “Economic Integration Amidst Energy Transition: The Role of the Private Sectors in Senegal and Mauritania.” Amidst a global shift toward energy transition, the Senegal-Mauritania Economic Forum seeks to […]