First Independent Mena Newspaper
Botswana, the world’s second-largest diamond producer, has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that diamonds are not used to fund rebel groups. The KP, a coalition of governments, the diamond industry and civil society representatives, said in a statement on Monday (7 November) it […]
King Mohammed VI has pointed out this Sunday that he considers the Nigeria-Morocco Gas Pipeline project as “a project for peace, for African economic integration and for co- development.” “This is a project for peace, for African economic integration and for co- development: a project for the present and for future generations,” said the Sovereign […]
Akwa Africa, a subsidiary of Moroccan Akwa group, is set to acquire Total Energies fuel distribution subsidiary in Mauritania, the competition council said. The council said it was informed about the sale without offering details on the transaction which Financial Afric said would amount to 185 million dollars. Akwa Africa was established to help the […]
Investing in climate action now will reap important benefits for Morocco, creating new jobs, revitalizing rural areas and positioning the kingdom as a green industrial hub while helping to reach its broader development goals, according to a new World Bank report released Thursday. The Morocco Country Climate and Development Report (CCDR), the first in a […]
Chariot Limited, the Africa focused transitional energy group, Mohammed VI Polytechnic University (UM6P) and Oort Energy, have agreed to collaborate on green hydrogen pilot projects in Morocco. This partnership will run initial proof of concept projects while assessing the viability of the implementation of large-scale green hydrogen and ammonia production. The polymer electrolyte membrane (‘PEM’) […]
The Nigeria-Morocco gas pipeline project is a genuine powerful tool for development and regional integration, stressed, in Abidjan, Director General of Morocco’s National Office of Hydrocarbons and Mines (ONHYM), Amina Benkhadra. “It is a transformative project for our continent,” said Benkhadra who was speaking before a panel of investors on the sidelines of the 3rd […]
Uganda and neighboring Tanzania are seeking investments of up to $20bn for a slew of new projects across the oil value chain, including to develop an export pipeline before 2025. The CEO of Uganda National Oil Company (UNOC), Proscovia Nabbanja, said that the state-owned oil company is pursuing several projects across the upstream, midstream and […]
Egyptian Ministry of Electricity is in talks with six Saudi companies to implement renewable energy and green hydrogen generation projects. Egyptian Minister of Electricity Mohamed shaker is currently in Saudi Arabia for talks with six Saudi firms including ACWA Power, Alfanar, and Fas Holding. The official will be also meeting with Saudi financing entities to […]
Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]
Ahead of the COP27 in Egypt, Namibian and European Union officials say they have reached an agreement for Namibia to export rare earth materials to the EU, as Namibia’s total exports to the EU market have soared by 50%. The EU is interested in developing the mining of minerals like lithium, cobalt and graphite, which […]