First Independent Mena Newspaper
Gabon announced Thursday plans to inject around $20.5 million to support exports towards the U.S over next three years, reports say. Yves Fernand Manfoumbi, the Minister of Trade of the African country, announced the move adding that the strategy will tap into support from bilateral and multilateral financial partners. “This strategy will be financed by […]
Drilling for oil and gas began in Nigeria’s northeast this week, a first for the African oil giant, NNPC, which has exploited large deposits in the south for decades and whose production is declining. During a visit in the Kolmani field, located in Gombe and Bauchi states, to inaugurate the drilling site, Nigeria’s President Muhammadu […]
King Mohammed VI has urged the Government and all stakeholders to speed up the development of renewable energies, especially solar and wind energy, as well as green hydrogen and to endeavor to attract more domestic and foreign investment in the sector. Building on its progress, Morocco should accelerate the deployment of renewable energy in order […]
The high-level meeting of the three African Climate Commissions has praised the leadership of King Mohammed VI and Morocco’s noteworthy support on the sidelines of the COP-27 climate change summit currently held in Sharm el Sheikh, Egypt. In a press release issued at the end of the high-level meeting, participants recognized Morocco’s role and contributions […]
International financial news agency Bloomberg said it picked Marrakech to host its first conference titled “Bloomberg New Economy Gateway Africa,” in June 2023, highlighting Morocco’s climate leadership in Africa under the leadership of King Mohammed VI. Michael R. Bloomberg made the announcement on the closing day of the Bloomberg New Economy Forum in Singapore. This […]
Chinese company’s lithium ore export permit has been restored by Namibia’s mining authority despite an ongoing investigation into alleged corruption. In October, Namibia banned Xinfeng Investments from exporting lithium ore, which is used in the manufacture of electric batteries and related products, until the investigation by the country’s Anti-Corruption Commission (ACC) was finished. But in […]
The kingdom of Morocco is among leading countries around the world with potential investment targets in relation to the size of their economies, on the first ‘normalized’ version of the Renewable Energy Country Attractiveness Index (RECAI) from London-based EY. The normalized version, first of its kind of the RECAI hails the North African country’s ambitious […]
Morocco has ranked 4th globally on Climate Change Performance Index (CCPI) which looks at four categories namely GHG Emissions, Renewable Energy, Energy Use and Climate Policy, knowing that the first three overall spots remained empty because no country performed well enough in all index categories to achieve an overall very high rating. The index, established […]
Warning the continent has 600-million people in energy poverty, the right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, African Development Bank (AfDB) President Akinwumi Adesina said, even as some nations push to see use of the fuel curtailed. Agreeing to a deal […]
Launched in 2019 by the African Development Bank Group (AfDB) and its partners, the Desert to Power initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world. The Desert to Power initiative is designed to […]