First Independent Mena Newspaper
South Korea’s Samsung Heavy Industries (SHI) has signed a landmark $637 million deal to build a floating liquefied natural gas (FLNG) facility for a European client operating in Mozambique, reinforcing Africa’s rising profile in global energy markets. The state-of-the-art Coral Norte FLNG platform, to be constructed offshore, will liquefy, store, and export natural gas directly […]
Casablanca Finance City Authority (CFCA) has launched the “Green Assets Cluster”, a strategic move seeking to position the city as a leading hub for carbon markets in Africa. The announcement of this landmark initiative was made Tuesday by CFCA Director General Saïd Ibrahimi during a conference held in Casablanca on “Scaling up carbon market in […]
Africa’s nuclear power ambitions are receiving renewed momentum, as rising energy demands, climate goals, and investor interest converge. At the recent Africa Nuclear Energy Innovation Summit in Kigali, Rwanda, leaders and experts emphasized nuclear power — particularly S Modular Reactors (SMRs) and micro-reactors — as a promising low-carbon solution for the continent’s energy deficit. International […]
Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]
The African Single Electricity Market (AfSEM), an ambitious initiative to unify the continent’s electricity grids, is making substantial strides, according to African Union (AU) officials at a high-level technical meeting in Addis Ababa. AfSEM aims to create a seamless, affordable, and reliable continental electricity market, interconnecting all 55 AU member states. Kamugisha Kazaura, AU Commission’s […]
Morocco’s State Secretary for Foreign Trade, Omar Hejira, reaffirmed the kingdom’s commitment to sharing renewable energy and electrification expertise with African nations during a major energy conference in Dakar. Speaking at the opening of the African Confederation of Electricity, Renewable Energy and Energy Efficiency touring exhibition, Hejira emphasized Morocco’s resolve to implement effective and supportive […]
Morocco’s Investment Ministry conducted the sixth monitoring committee meeting for the Chbika green hydrogen project, marking significant progress in securing land rights for the ambitious renewable energy initiative with international partners TotalEnergies, Copenhagen Infrastructure Partners, and A.P. Moller Capital. Deputy Investment Minister Karim Zidane chaired Monday’s meeting, which brought together all relevant public stakeholders including […]
Morocco’s national electricity production increased by 6.5% during the first four months of 2025, accelerating from 3% growth recorded in the same period last year, according to the Financial Studies and Forecasts Directorate (DEPF). The improvement was primarily driven by strong performance in private electricity production, which increased 8.1%, and the National Electricity and Potable […]
Efforts by Sudan and South Sudan to revise transit and processing fees for South Sudan’s crude oil exports concluded inconclusively, with no formal agreement reached following high-level meetings in Port-Sudan. Though talks were described as constructive by Sudanese officials, technical sources revealed significant differences remained over logistical adjustments, particularly at the Bashayer oil terminal. South […]
Algeria’s recent oil and gas licensing tender, launched with high hopes to attract global investments, has drawn low interest with no US company bidding. This has pushed President Tebboune to take matters into his own hands reaching out to the two US oil giants: Chevron and Exxon Mobil. The two companies sent senior officials- not […]