Headlines Libya Maghreb

Libya: GNA suspends operation licenses for 40 companies including French Total

UN-backed Government of National Accord (GNA) has suspended oil exploration and production licenses for around 40 foreign companies including French multinational Total. The decision confirmed by economy minister Ali Abdulaziz Issawi said the companies’ licenses expired. Total, aerospace company Thales and the telecoms company Alcatel are among firms to be affected by the move, which […]

Headlines Maghreb Tunisia

Tunisia: Head of public TV dismissed after channel aired religious sermon greeting ousted Ben Ali

Tunisian authorities have dismissed head of a public state-run television channel after the media broadcasted, allegedly by mistake, an old religious sermon hailing the ousted President Ben Ali. Dismissal of Mohammed Lazhar Fares, head of El Wataniya 1 and interim director of El Wataniya 2, occurred early this week over the airing of an old […]

Africa Business Headlines International Morocco

Kenyan Justice terminates case against Morocco’s OCP

A kenyan court dropped charges against Morocco’s phosphates giant OCP over alleged mercure presence in its fertilizers. The court also withdrew criminal charges against OCP officials and ordered the release of the fertilizers cargo that was held at Ballore Warehouse. Some Kenyan news portals said the termination came after parties entered a plea bargaining agreement. […]

Africa Headlines International

Abuja hosts largest gathering of African entrepreneurs in July

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will hold this year’s entrepreneurs’ summit in Abuja. TEF’s gathering, which is in its fifth year is set to take place July 26 – 27 in Nigeria’s federal capital Abuja with the participation of entrepreneurs from 54 countries. The event is […]

Africa Energy Headlines International

Solar hybrid systems to power 4 regions in Senegal

The German solar solutions provider, DHYBRID, has been selected to set up seven mini-power plants in remote locations in Senegal. The hybrid facilities will have an overall capacity of 2 MW. These projects are part of the country’s energy mix diversification plan. They will also accelerate the rural electrification process. DHYBRID has been selected by […]

Europe Finance Headlines International Morocco

EBRD Lends €2 Mln to Moroccan E-Payment Firm

The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems. The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs Under the Bank’s Blue […]

Energy Europe Headlines Maghreb Morocco

IEA publishes new review of Morocco’s energy policies, lauds legal and fiscal reforms

The International Energy Agency has released the latest in-depth review of Morocco’s energy policies, welcoming the institutional, legal and fiscal reforms undertaken by the North African country to promote the sustainable development of the energy sector and the ambitious energy transition pathway it is pursuing. The report was presented in Rabat by Dr Fatih Birol, […]

Headlines Libya Maghreb

Libya: ‘Abhorrent’ ambulance attack in Tripoli imperils life-saving work, warns UN

An attack on an ambulance in Tripoli on Wednesday that has critically injured the head of emergency services in Libya’s war-torn capital, along with two paramedics, has been strongly condemned by UN humanitarians as an abhorrent attack. Health workers and civilians have not been spared in heavy clashes that erupted in early April between the […]

Africa Headlines International

Ghana becomes Africa’s top gold producer

Ghana has become the first-largest gold producer in Africa followed by South Africa, according to data released by the World Bank. According to the Washington-based institution, Ghana exported 158 tons of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa and returned to the high volumes of the […]

Africa Energy Headlines International

Slovak company plans to assemble electric cars in Nigeria

Sirieco, a Slovak company plans to set up a plant in Nigeria, to assemble electric cars and manufacture the new-generation incandescent bulbs, the company’s CEO Groidis Peter announced during a recent visit to the West African nation. The plant will be located at Calabar in Cross River State, southeast Nigeria, Groidis Peter said. The Governor […]