First Independent Mena Newspaper
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]
Morocco has pledged to phase out coal-fired power generation by 2040, conditional on international support, or in the 2040s unconditionally, marking its first official coal exit timeline. The commitment, outlined in the country’s updated Nationally Determined Contribution (NDC), follows Morocco’s 2023 decision to join the Powering Past Coal Alliance (PPCA) and signals a major shift […]
Morocco has taken a significant step toward energy autonomy with the adoption of a law regulating electricity self-production. The law, approved by the cabinet on October 23, aims to decentralize power generation and strengthen the kingdom’s energy resilience amid rising demand and slowing renewable output. The move comes as Morocco faces mounting energy pressures. National […]
The Democratic Republic of Congo (DRC) is pitching a bold new role on the global tech stage: powering the future of artificial intelligence (AI). With the rise of energy-hungry AI data centers, the country is promoting its colossal Grand Inga hydroelectric complex as the world’s green solution to computing’s growing power demands. The Inga site […]
Morocco is set to start extracting uranium from its huge phosphate deposits, enabling the country to position itself as a key player in the global Uranium industry, according to press reports. Uranium is primarily used as fuel in nuclear reactors, where its atoms are split to produce vast amounts of energy. Extracted from phosphoric acid, […]
Trade between Libya and Italy fell sharply in the first half of 2025, with total exchanges amounting to €4.76 billion, down from €6.02 billion in the same period last year — a 21% decline, according to data from the Italian Trade Agency cited by Nova News Agency. The downturn was primarily driven by a 25.3% […]
A strategic energy partnership between Morocco and Nigeria reached a pivotal milestone with the establishment of a dedicated joint venture to manage their ambitious $25 billion trans-African gas pipeline project. The newly formed entity will oversee financing and implementation of this massive infrastructure initiative, marking a transition from planning to operational phases. According to the […]
A state audit in the Democratic Republic of Congo has uncovered a staggering $16.8 billion discrepancy in mining revenue declarations between 2018 and 2023, raising serious concerns about transparency and accountability in one of Africa’s richest resource nations. According to the Court of Auditors’ June report, mining companies declared $98.2 billion in revenue to tax […]
Libya’s National Oil Corporation (NOC) has resumed offshore oil exploration in north-western parts of the country after more than five years of inactivity, partnering with Italian energy company Eni. The decision to resume exploration activities follows the completion of technical and environmental assessments, paving the way for seismic surveys and geological studies in preparation for […]
Mauritania has signed its first independent power producer contract — a $300 million agreement with Iwa Green Energy — to build a 60-megawatt hybrid solar-wind power plant, Ecofin Agency reported. The facility, scheduled for commissioning in September 2026, represents a major milestone in the country’s strategy to boost electricity generation through private financing while accelerating […]