First Independent Mena Newspaper
Russia and Turkey have recently strengthened their nuclear footprint in Africa, the former by inking a nuclear deal with the Congo and the latter through reported efforts by to acquire some of Niger’s uranium assets to support its growing nuclear-power industry. After being involved in several nuclear deals across Africa, Russia’s state company Rosatom which […]
the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank rejected most of the claims of Corral Morocco Holding, owned by Saudi billionaire Al Amoudi in a case filed against the Moroccan government over the shut-down of Samir refinery. The arbitration institution ordered Morocco to pay just 6% of the total 2.7 […]
Africa once accounted for more than a third of Chinese oil imports, but now major African oil suppliers are struggling with declining production and exports to China that has found other markets due to geopolitical considerations, infrastructure issues, and domestic political problems, according to a recent report by the Carnegie Endowment for International Peace. China […]
Morocco has donated Niger nine high voltage generators to support the West African country efforts to improve electricity access and services to homes and businesses for better economic growth and development. According to press reports, the 22.5 megawatt generators were received by Niger’s Energy minister, Pr. Amadou Haoua. The Moroccan donation, which reflects the strong […]
Currently a minor player in the rare earth market, African mines have the potential to supply almost 10% of the world’s rare earth elements by 2029, thereby introducing alternative suppliers into a market currently dominated by China, according to a latest forecast by Benchmark Mineral Intelligence. China’s current domination of the global market for rare […]
Nigeria’s oil regulator (NUPRC) reached a deal with producers to ensure steady supply of crude to local oil refineries, a move that would help the country cut dependence on imported fuel. Africa’s richest oil country imports most of its refined oil needs partly due to oil majors demanding excessive premiums or saying they had no […]
Oil and gas rich Nigeria has defeated Algeria and other competitors, after it was chosen as the host of the newly created Africa Energy Bank, worth $5 billion. In hosting the new lender, Nigeria will become “at the forefront of Africa’s energy future,” said Nigerian oil minister Heineken Lokpobiri. The new bank aims to address […]
Morocco’s research institute in renewable energies (IRSEN) and France’s SATT Paris-Saclay, which promotes technology transfer, in addition to the French Development Agency (AFD) signed in Rabat this week an agreement to support Franco-Moroccan applied research projects in the field of green hydrogen. Under this agreement, the AFD has donated €800,000 to this partnership that aims […]
French Total Energies said it plans to quit South Africa’s offshore gas fields to focus on more promising discoveries in Namibia, Bloomberg and Reuters reported. The company plans to give up its license for Block 11B/12B because it doubts whether the complex deep-water finds can be made commercially viable, given South Africa’s small gas market, […]
The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]