First Independent Mena Newspaper
The Libyan government based in Tripoli suspended oil minister Mohamed Oun, as investigations are ongoing into his involvement in alleged corruption, a Libyan watchdog known as Administrative Control Authority (ACA) said. Oun said he will contest the decision, adding that he has not received a notice yet. Libyan media cited an ACA statement which confirms […]
Mauritania is expected to report the highest growth rate in Africa by 2025 at 14.5% as the west African country taps into newly found gas, phosphates, and uranium resources, the IMF said. In 2024, the IMF expects the Mauritanian economy to grow by 4.3% with the beginning of production in the Grand Tortue Ahmeyim (GTA) […]
Nigerian army has, over the past two days, successfully rescued more than 150 “unharmed” pupils and teachers who were abducted by gunmen from a school in the country’s northeast earlier this month. The kidnapping in Kaduna state on 7 March, one of the biggest such attacks in years, has prompted a national outcry over security. […]
Saudi renewable energy company, Acwa Power, said a new breakdown will leave a solar plant in Noor Ouarzazate project idle until November 2024, totaling losses estimated at 47 million dollars. The breakdown was due to a storage problem, it said in a statement on the Saudi Stock Exchange, adding that it was planning to build […]
A final investment decision (FID) to build the Nigeria-Morocco gas pipeline is expected to be reached by the end of 2024, chief of state-owned Nigerian National Petroleum Company (NNPC) said. The pipeline, to cost about $25 billion, runs 7000 kilometers both on-shore but mostly offshore. “There is ongoing engagement on the Nigeria Morocco Gas Pipeline […]
Africa will play a “huge role” in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South Africa to express his country’s ambitions of securing metals needed for the global energy transition. Africa’s natural richness, which includes many so-called critical minerals, such as chromium, cobalt, copper, gold, […]
Côte d’Ivoire is in the process of meeting the criteria to join the OPEC, the country’s oil and mining minister amadou Sangafowa Coulibaly announced. This came few days after ENI said it found significant reserves of oil offshore Côte d’Ivoire, with a specific well in particular having as much as 1.5 billion barrels of oil […]
UK Company Chariot has decided to conduct a strategic review of its “Transitional Power” division which is present in South Africa, providing sustainable power and water solutions in renewable energy generation and electricity trading. Since 2020, Chariot has built a transitional energy group spanning natural gas, renewables, and green hydrogen. As these divisions have grown, […]
Morocco, which has released an offer to investors, expects to sign the first preliminary contracts to produce green hydrogen in the country in the fourth quarter this year. Some 100 investors have expressed interest in Morocco’s green hydrogen potential, said Mohcen Jazouli, minister in charge of investment in an interview with Medias24. Investors will have […]
Xlinks, which plans to export renewable energy from Morocco to the UK, said it is also assessing feasibility of other links with markets including Germany. This came in a statement in response to a Bloomberg article claiming the British company is abandoning the UK for the German market. “Xlinks was founded to promote the development […]