First Independent Mena Newspaper
The African Development Bank (AfDB) has just allocated €48.82 million to Burkina Faso for the construction of a solar plant. The funding was allocated in the form of a loan to build a 52 MW power plant as part of the bank’s “Desert to Power 2020-2024” initiative. Upon completion, the plant will provide energy to […]
The European Bank for Reconstruction and Development (EBRD) will support the Egyptian Electricity Transmission Company (EETC) with $183 million to finance the modernization of the electricity grid by injecting renewable energy and strengthen the transmission network in the country. The EBRD funds will facilitate the integration of 1.3 GW of new renewable energy into the […]
US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]
Germany will contribute €571 million to the implementation of Morocco’s reforms seeking to improve business and investment climate, update the financial sector and strengthen advanced regionalization. The reform partnership MoU, signed Friday in Berlin, falls in the frame of the G20 Initiative Compact with Africa and aims at developing further the potential of the private […]
Forces aligned with UN-backed Government of National Accord (GNA) Wednesday announced they have taken control of El-Feel oilfield in Southern Libya, from rivals answering to rebel and military commander Khalifa Haftar. Sabha Military Region claimed on a facebook post the seizure of El-Feel oilfield in the Southwest region of the oil rich country. The field […]
Morocco is determined to speed up its transition to a low-carbon economy with the signing lately of new contracts for the building of a 300 megawatt wind farm in the southern province of Boujdour. The contracts of the wind farm to cost over €375 million were inked by the state-run electricity & water company (ONEE), […]
Production at the Tunisian Nawara natural gas field in the Sahara of Tataouine, initially scheduled for October, will start at the end of December 2019, Director of Projects and Development at the Tunisian Oil Activities Company (ETAP) Mongi Nairi told TAP. Mongi Nairi explained that the operations on the site have been delayed because of […]
The gas pipeline project to link Nigeria to Morocco is a strategic undertaking for regional integration in West Africa, said Mrs. Amina Benkhadra, Head of Morocco’s National Office for Hydrocarbons and Mining (ONHYM). This ambitious project will also have positive impacts on the socio-economic development of all countries in the region, said Mrs. Benkhadra at […]
Mustapha Bakkoury, CEO of the Moroccan Agency for Sustainable Energy (Masen), was appointed, Tuesday in Johannesburg, chairman of the steering committee of the “Desert to Power” initiative, which aims to develop the use of renewable energy in several African countries. The appointment took place on the sidelines of the second edition of the Africa Investment […]
Head of Moroccan Agency for Sustainable Energy (MASEN) Mustapha Bakkoury and Director General of UNIDO LI Yong inked on Tuesday an agreement destined to enhance further cooperation between the two sides in clean and sustainable energy. The agreement was signed on the sidelines of the 18th UNIDO General Conference currently convened in Abu Dhabi, UAE, […]