First Independent Mena Newspaper
The World Bank Thursday approved a $268.4 million loan to Tunisia earmarked for financing electricity connection with Italy, State-run news agency TAP reports. The electrical interconnection project known as ELMED is set to provide a 230 km-long 600MW connection to Italy’s Sicily. ELMED will produce a quantum leap in the integration of the electricity markets […]
South Africa and Kenya are non-hydropower renewables outperformers in the Sub-Saharan Africa region, with the former remaining the leader in renewables growth in the region, while the latter leading in terms of non-hydropower renewables, according to the latest BMI’s report. Non-hydropower renewable energy growth in Sub-Saharan Africa is led by South Africa and Kenya, whereby […]
Dutch Prime Minister Mark Rutte said he is “impressed” by Morocco’s renewable energy ambitions under the leadership of King Mohammed VI. “I’m impressed by the ambitions set out in this area under the leadership of His Majesty King Mohammed VI, including the target of 52% of electricity from sustainable energy by 2030 and the will […]
Four more African countries, namely Côte d’Ivoire, Liberia, Guinea, and Benin, have signed memoranda of understanding with Morocco and Nigeria to participate in the flagship Nigeria-Morocco gas pipeline project. The signing took place at the headquarters of the Economic Community of West African States (ECOWAS) in Lagos, Nigeria, in the presence of Amina Benkhadra, the […]
The European Union’s landmark Carbon Border Adjustment mechanism (CBAM) will push producers to decarbonize, yet make it harder to do so, because it is a poorly designed policy that can end up doing more harm than good, according to a latest study published by ‘African Arguments’ that also suggests that the CBAM policy could cut […]
Taqa Morocco SA, a leading energy company in Morocco, said on Wednesday it plans to develop 1 gigawatt (GW) of wind and solar projects by 2030 to support the country’s energy transition goals. The company’s CEO Abdelmajid Iraqui Houssaini told Bloomberg that Taqa Morocco SA is also looking into investing in desalination projects to tackle […]
Nigeria has regained its position as Africa’s top crude oil producer for May 2023, according to the latest report published by the Organization of Petroleum Exporting Countries (OPEC), that also attributes the slow growth of the country’s economy by 2.4% year-on-year in the first quarter of 2023 to certain factors including a decline in crude […]
Ghana has reclaimed its top position as Africa’s premier gold producer, surpassing South Africa, after large-scale mining companies in the West African country increased gold production from 2.2 million ounces in 2012 to 3.08 million ounces last year. After a temporary setback in 2021 due to a sharp decline in output, Ghana has reclaimed its […]
Namibia’s government has banned the export of unprocessed lithium and other critical minerals to capitalize on the growing global demand for metals used in clean energy technologies. The move prohibiting the export of unprocessed crushed lithium ore, cobalt, manganese, graphite and rare-earth metals and elements is in line with the South African country’s aim to […]
U.S. billionaire and politician Michael Bloomberg has expressed his gratitude to King Mohammed VI for hosting and supporting the first Bloomberg New Economy Gateway Africa conference which opened Tuesday in Marrakesh to discuss the continent’s infrastructure potential, clean energy, and healthcare challenges. “Welcome to Marrakesh and to our first Bloomberg New Economy Gateway Africa,” said […]