First Independent Mena Newspaper
The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities that operates in Egypt and is running a project known as 1.1 GW Gulf of Suez wind farm. The investment is set to […]
The past few days have been full of news for Nigeria’s resources sector: It was announced that Nigeria Agenda 2050 requires approximately $100 billion, with 80% expected from the private sector; Shell is set to divest its Nigerian onshore oil and gas subsidiary for $1.3 billion; and the West African country will see the launch […]
The world’s leading producer of phosphate fertilizers, OCP Group, has announced the launch of the construction of four photovoltaic plants in the mining cities of Benguerir and Khouribga in Morocco. This large-scale project, with a total capacity exceeding 200 megawatts (MW), represents a crucial step in OCP’s sustainable development strategy, and translates its growing commitment […]
The African Development Bank (AfDB), through its African Development Fund (ADF), has approved a $303 million loan for the building of a 1,500 km-long power line interconnecting Mauritania and Mali, as part of the Desert to Power Initiative. The project requires $888 million and involves the construction of a 225 kV high-voltage line between Mali […]
The Italian government has agreed to finance a feasibility study for building a pipeline destined to transport green hydrogen from Morocco to the European country. This ambitious project has been disclosed lately by Italian MP Debora Serracchiani of the Democratic Party. She described Morocco as a leader in renewable energy in the Mediterranean basin. The […]
A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]
Anglo-Australian mining giant Rio Tinto is poised to commence a “world’s biggest” $20 billion mining project in the Republic of Guinea this year, following a 27-year wait marked by several legal and political setbacks, scandals and several false dawns. The $20 billion iron ore, rail, and port development in a remote corner of West Africa […]
The Ivorian Government announced Wednesday December 27 the decision to send every month 50 million liters of fuel to Guinea, which is facing an acute shortage following the explosion this month of the country’s fuel terminal. “Côte d’Ivoire commits to deliver 50 million liters of fuel per month to Guinea”, the State-run television RTI said […]
French energy giant TotalEnergies has unveiled a $6 billion investment plan spread across several years in Nigeria, just as the West African country is looking to cut down on red tape hindering investment in its oil and gas sector. Through this announcement, TotalEnergies has reiterated its commitment to investing in Nigeria’s oil and energy sector, […]
South Africa’s government announced on Tuesday (12 December) plans to increase the country’s nuclear power production, with bids sought from the United States, Russia, France, China and South Korea, just as Korean nuclear energy companies are lining up to win business from different African countries in the face of stiff competition from its rivals. To […]