First Independent Mena Newspaper
Egypt’s Nuclear and Radiation Control Authority (ENRRA) has granted permission to Russia’s Rosatom State Atomic Energy Corporation for the construction of the El-Dabaa Nuclear Power Plant’s 3rd unit with a capacity of 1,200 megawatts, ENRRA said in a statement. The authority last Wednesday approved the permission to establish the third unit at the Hyena Station. […]
Mytilineos, a Greece-based industrial conglomerate whose business units are active in the sectors of metallurgy and energy, is planning to inject investment in Egypt in the areas of construction of solar power plants, storage batteries, new and renewable energy, oil, natural gas, infrastructure and sustainable engineering solutions, Egypt’s General Authority for Investment and Free Zones […]
Chad has announced the nationalization of assets of a former subsidiary of US oil and gas giant ExxonMobil in Chad, which comes after the company divested from them in December 2022 A decree signed by Chad’s president, Mahamat Idriss Deby Itno, on Thursday (23 March) declared that all the assets, prospection rights, operating permits and […]
Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa. The global palm oil market size reached US$53.1bn in 2022 and looking forward, the market is expected to reach US$67.6bn by 2028, exhibiting a […]
Australian firm Fortescue Metals is planning to develop a 300 megawatts (MW) green ammonia and fertiliser facility in Kenya. The project could soon start as plans are in an advanced stage, reports Business Dailyn adding that the business marks Kenya’s first green ammonia energy production. The facility will boost the African nation’s growing clean energy […]
Tunisian President Kais Saied continues to stir controversies. After uttering racist comments against Sub-Saharan Africans, the President claimed that Tunisia should have a 50% stake in Libya’s offshore Bouri oil fields, a claim that was strongly rejected by Libyan politicians. Libya’s Oil and Gas Minister Mohammed Oun reminded Saied that Libya has exclusive rights to […]
The European Union is eyeing the potential of Africa’s yet-to-be-developed green hydrogen industry, deepening climate and energy partnerships in the process, as evidenced by the recently inked $34 billion deal for a giant green hydrogen project in Mauritania. After a recent rush on Africa’s natural gas resources following the Russia-Ukraine war flare up in March […]
Maurel & Prom, an oil company based in Paris, has announced it will invest $85 million to develop its activities in Gabon this year after spending $67 million in the African country last year. Maurel CEO Olivier de Langavant indicated that planned investment in Gabon is a chunk of the company’s total 2023 investment put […]
The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
The wind energy Industry in Morocco is expected to create 75,000 additional jobs and contribute $1.2 billion in the country’s economy during the four coming years, according to a report released by Global Wind Energy Council (GWEC). A country which installs 1 GW of onshore wind energy capacity per year could unlock a range of […]