First Independent Mena Newspaper
Morocco has unveiled plans for its inaugural offshore wind farm, a 1,000-megawatt facility near Essaouira, marking the country’s entry into marine renewable energy development. The announcement was made last week in Nice during the Mediterranean Day of the United Nations Conference on the Oceans. The project represents one of the first investments funded by the […]
Egyptian fertilizer manufacturers were forced to suspend operations over the weekend after a major drop in natural gas imports from Israel, industry sources told Reuters. The disruption followed Israel’s military strikes on Iranian nuclear facilities, prompting the shutdown of key Israeli gas fields, including Leviathan and Karish. In response, Egypt’s Petroleum Ministry activated an emergency […]
Morocco’s industrial development strategy emphasizes diversifying productive sectors to strengthen the economy’s foundation, Industry and Commerce Minister Ryad Mezzour stated Wednesday during a national symposium on macroeconomic policies and investment dynamics in Rabat. The kingdom’s industrial portfolio spans agri-food, automotive, chemical and parachemical industries, aeronautics, textiles and leather, and pharmaceuticals. Mezzour highlighted two particularly promising […]
The International Atomic Energy Agency has awarded Morocco top-notch safety rating, confirming that all nuclear substances on its soil are used solely for peaceful purposes. The announcement was made Tuesday by Moroccan Agency for Nuclear, Radiological Safety & Security (AMSSNuR) in a press release. The acknowledgement by UN nuclear watchdog of Morocco’s compliance with global […]
Morocco’s Tanger Med port complex is implementing a comprehensive energy transition strategy aimed at achieving 100% green operations by 2030, responding to climate challenges and international maritime regulations while maintaining global competitiveness. The strategy positions the hub between Europe, Africa, and Asia at the forefront of sustainable port operations, reported Challenge Magazine in its latest […]
Africa’s energy investment landscape is undergoing a dramatic shift as China’s once-dominant role in fossil fuel infrastructure gives way to diversified, cleaner, and more commercially driven models. According to the International Energy Agency (IEA), Chinese development finance for African energy projects has plummeted by over 85% since 2015, contributing to an overall drop in public […]
Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy Investment 2025 report released earlier this week by the International Energy Agency (IEA). This figure represents a 10% rise compared to 2024. Out of this total, around $2.2 trillion, or 67%, will go toward […]
Egyptian engineering firm Petrojet has secured a $21.76 million contract to develop a liquefied petroleum gas (LPG) facility in Jordan, marking a significant step in its regional expansion strategy. This project aligns with Petrojet’s broader objective to enhance its presence in the Middle East, particularly in energy infrastructure development. The company has been actively pursuing […]
Africa, home to one-third of the world’s critical mineral reserves, stands at a crossroads: remain a source of raw exports or become a central player in the global energy transition. Despite abundant resources — including cobalt, lithium, copper, and rare earth elements — Africa received just 10.4% of global mineral exploration investment in 2024, down […]
Morocco has emerged as a key beneficiary of the Mirova Sustainable Land Fund 2 (MSLF2), a €363 million impact investment initiative targeting sustainable agricultural and forestry management across seven countries, reinforcing the Kingdom’s leadership in Africa’s ecological transition. The fund, launched by Mirova—a Natixis Investment Managers affiliate—with strategic support from the Green Climate Fund, addresses […]