First Independent Mena Newspaper
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, […]
Nigeria’s oil production shrunk to 1.23 million barrels per day in March with authorities blaming pipeline problems and maintenance issues. OPEC said Nigeria produced 1.32 million barrels in February and 1.42 million in January. Oil theft and pipeline vandalism have dealt severe blows on Nigeria’s oil production, limiting the country’s output and making it fall […]
Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]
Morocco’s state-owned OCP Group and Australian Fortescue Energy have announced a Joint Venture (JV) destined to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. The JV will also contribute to the development of manufacturing facilities and a R&D hub to advance renewable energy industry in Morocco. Mostafa Terrab, CEO of OCP […]
The European Union’s recently agreed-upon Critical Raw Materials Act (CRMA) does not target China but is aimed “simply [at] diversifying sources of supply,” a senior EU official has said, just as a recent study highlighted the bloc’s continuing efforts to close deals with resource-rich African nations to reduce its dependence on China for critical raw […]