First Independent Mena Newspaper
Gas production potential bodes well for both Mauritania and Senegal after 30 meters of net gas pay was found in the greater Tortue Ahmeyim offshore project on the border between the two West African nations. The finding was made by Dallas-based operator Kosmos Energy, which has a joint-venture with BP in the area as well […]
The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]
The Kenyan National Environmental Court has ordered the suspension of the controversial project to build a coal-fired power plant on the Lamu Archipelago. Although the government sees the $2 billion Chinese financed project a sure way to promote economic growth, create jobs and secure an energy source for the future, Kenyans condemn the move. A […]
Morocco, which is on track to become a world leader in renewable energies, will build the tallest wind tower in the African continent, measuring 144 metres high. The tower will be constructed by Spanish goup Nabrawind Technologies. It will produce 3.6MW and its installation will begin almost immediately. This tower allows the installation of a […]
Algeria’s gas giant Sonatrach will continue supplying Italian natural gas distributor, ENEL Group, for additional 10 years under an agreement between the two sides signed on Wednesday. The deal cements tight cooperation between the state-run gas company and the Rome-based multinational. The partnership dates back to 1991. The new deal will end in 2028, Sonatrach […]
The Rwandan government signed an agreement with Nots under which the Dutch company will invest $70 million in a factory that will manufacture equipment for home solar kit suppliers. According to Rwanda’s Minister of Infrastructure Claver Gatete, there is an arrangement to purchase equipment for at least 100,000 households that will pay for them gradually […]
Head of the Libyan National Oil Corporation (NOC) has finger-pointed foreign countries, which, he said, are targeting the national oil firm that has refused to take sides in the ongoing military offensive on Tripoli waged by east-based Field Marshal Khalifa Haftar. “The country is experiencing dangerous levels of disinformation. These campaigns, many directed at NOC […]
France-based power company Schneider Electric has signed a Memorandum of Understanding with Nigeria-based EM-ONE Energy Solution to build an industrial platform and create an indigenous manufacturing supply chain across the continent. The agreement aims to support Schneider Electric in optimizing project structuring; supporting the development of an industrial platform and ensure licensed manufacturing, the company […]
Chariot Oil & Gas has announced that the development of the Anchois Field, offshore Morocco, is technically feasible. Recent studies carried out at Anchois gas field, offshore Morocco, have shown that development of the project is “technically feasible,” the company said in a press release The key findings of the study, shared by the industrial […]
UK-based Azuri Technologies said it has raised $26 million to expand its individual solar kit business to cater to African households. According to the company, Marubeni Corporation – a well-known Japanese conglomerate, which invests in renewable energy projects across Africa – contributed a significant amount of investment. IP group, a British technology-focused investment fund, and […]