First Independent Mena Newspaper
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 […]
Angola and the neighboring Democratic Republic of the Congo (DRC) are reportedly inching towards a settlement of a 50-year dispute over one of their offshore oil blocks, which may also pave the way for the expansion of collaboration between the two countries in various sectors. If successful, the deal could help reduce tensions between the […]
The International Finance Corporation (IFC) will assist the Moroccan Ministry of Energy Transition & Sustainable Development accelerate Morocco’s energy transition plan through updating the national natural gas roadmap and structure a landmark public-private partnership (PPP). The two sides signed an agreement on this cooperation Monday in Rabat. The agreement focuses on developing sustainable gas infrastructure, […]
Despite being sued by Australia’s Sundance Resources, Cameroon is set to begin in August the construction of a railway line with two China-affiliated businesses, connecting the coast to substantial iron ore deposit on Congo Republic border. In December 2020, the Perth-based Sundance Resources and two other Australian mining companies, who aspired to develop one of […]