First Independent Mena Newspaper
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 […]
A newly installed solar power plant in the Gaza Strip, Occupied Palestinian Territory (OPT), will reduce Nasser Hospital’s reliance on donated fuel and, by providing life-saving interventions, help build resilience, according to the World Health Organization (WHO). The power plant provides clean energy and is expected to save fuel, reduce CO2 emissions by 185 tons, […]
Tunisia has secured a $131.7 million loan from the French Development Agency (AFD) to improve the national electricity grid. The smart grid project was announced in 2017 by the Tunisian Electricity and Gas Company (STEG), but was delayed due to lack of funding. The AFD funds will be allocated to the implementation of the first […]
The US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), has approved an $87 million loan to Lekela Egypt Wind Power BOO. According to local media, Lekela Egypt Wind Power BOO, a subsidiary of Lekela Power, an independent power producer (IPP) based in Amsterdam, Netherlands, will use the loan to develop the Ras […]
Diplomats from the United States and the African Union have intensified pressure on Sudan’s Transitional Military Council that is currently trying to resolve a standoff with protesters. The diplomatic push comes after the umbrella body for Sudanese protest groups, the Forces for Freedom and Change, said it will only restart talks with the ruling junta […]