First Independent Mena Newspaper
Xlinks First Ltd. has confirmed the news reports announcing a $14.1 million investment of Africa Finance Corporation (AFC), the leading multilateral financial institution, in the Morocco-UK Power Project expected to provide affordable, reliable, clean energy from Morocco to Britain within a decade. The support of AFC of Xlinks project shows the trust Morocco enjoys on […]
Morocco’s sustainable energy agency MASEN launched a tender for a 400 MW wind project, dubbed Nassim Nord, in the country’s north, as the Kingdom seeks to bolster the share of renewable energy in its mix. MASEN asked to submit bids before June 24 covering finance, construction, and operation of the wind project. The project includes […]
First Nigerian oil has arrived at the Beninese oil terminal of Sémè Kraké using the Niger-Benin pipeline, with experts hailing the launch of this platform because it signifies Niger’s emergence as a key player in Africa’s oil sector. The recent inauguration of the oil export platform in the town on the border between Benin and […]
With Africa’s aging mid- and downstream oil products supply infrastructure, the countries on the continent must invest a combined $9.3 billion to expand fuel-transportation infrastructure to avoid supply disruptions as demand grows, according to a new report by energy company Puma Energy and Africa energy consultancy CITAC. The rapidly growing populations and urbanization trends, which […]
In addition to the announced regasification units in Nador port, Morocco is also considering adding two plants on the Atlantic to bolster its energy security, according to media reports. Natural gas is considered as a transition energy that would help the country reduce its footprint and boost its industry’s competitiveness. Morocco had announced earlier last […]
Ethiopia plans to plant 5 billion trees in 2024 as it seeks to foster climate change mitigation as the country faces extreme environmental events including drought and torrential rains. Such a green project would require at least 117 million dollars and mobilize millions of citizens throughout the country. Planting more trees is part of Ethiopia’s […]
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African […]
In a sign of close cooperation between sanction-hit and military-run Sahel countries, Niger has agreed to supply Mali with cheap diesel to supply power plants. Under the deal, Niger would deliver 150 million liters of diesel to neighboring Mali to curb power outages, the Malian presidency said. Only half the Malian population have access to […]
China National Petroleum Corporation (CNPC) agreed to offer a loan of 400 million dollars to the Niger government, which is struggling with the impact of sanctions. The loan is seen as one of the first steps to wean financial dependence on the West, with whom the military rulers are increasingly at odds, going as far […]
Namibia has announced its plan to join the OPEC “family” which comes at a time when the southern African nation gears up to potentially become the continent’s fourth-largest oil producer by the next decade. If exploitation of its giant offshore oil and gas discoveries goes as planned, Namibia could turn into a significant oil producer, […]