Africa Finance Headlines International Morocco

Morocco spends 90% of its FDI in Sub-Saharan Africa

Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]

Africa Headlines International Morocco

AU Summit: Rabat Renews Willingness to Share its Agricultural Experience with African Countries

Head of Moroccan Govt, Saad Eddine El Othmani, voiced on Sunday at the 32nd summit of the African Union currently held in Addis Ababa, his country’s willingness to share its successful agricultural experiences with African countries. Addressing a high level session on “Africa Agriculture Transformation Scorecard (AATS), El Othmani underlined the positive results yielded by […]

Africa Asia Energy Headlines International Morocco

Africa, Middle East install close to 1 GW of wind power in 2018

Africa and the Middle East installed 962 MW of new onshore wind capacity in 2018, up by more than 300 MW from a year earlier, the Global Wind Energy Council (GWEC) said Monday. The three countries that led the growth were Egypt with 380 MW, Kenya with 310 MW and Morocco with 120 MW. The […]

Africa Features Headlines International

Algeria: Disappearance of Ahmed Khalil

The family of Ahmed Khalil, from the Souaada tribe, and hundreds of Sahrawis gathered Wednesday, February 6, in front of the UN representation in Rabouni, which also hosts the headquarters of the Polisario secretariat, to claim the truth about the fate of Ahmed Khalil, who went missing ten years ago in mysterious conditions in Algiers. […]

Africa Egypt Headlines International

Egyptian President Takes up AU Top Leadership Position

Egypt’s President Fattah al-Sisi Sunday officially replaced his Rwandan counterpart as chair of the African Union (AU) headquartered in Addis Ababa, Ethiopia. The summit of the pan-African bloc gave Egypt the Pan-African organization’s top seat, for the first time since 2002. The rotating chairmanship moves every year between the four regions of the organization. The […]

Africa Energy Headlines International

Burundi-Rwanda-Tanzania: the Rusumo dam completed at 35%

The 80 MW-capacity facility is planned to serve three countries, namely Rwanda, Burundi and Tanzania. It should be completed in 2020, the authorities of the three countries affirm. “We want to assure the public that the deadline will be respected,” said Claver Gatete, Rwandan Minister of Energy. Once completed, the infrastructure will provide each country […]

Africa Energy Headlines International

Cash-strapped South Africa’s Eskom to cut power over shortage

South African state power utility Eskom said on Monday that it would implement controlled power cuts for a second day in a row because of a shortage of generating capacity in the southern African nation. The state power utility said it would cut 2,000 megawatts from the national grid from 07:00 GMT, likely until 20:00 […]

Africa Headlines International Morocco

Morocco Takes Part in 32nd Session of Assembly of African Union

Morocco will take part in the 32nd Ordinary Session of the Assembly of the African Union due in Addis Ababa Feb.10-11 with a delegation led by Head of Govt Saâd Eddine El Othmani. The summit meeting will be held under the theme: “The Year of Refugees, Returnees and Internally Displaced Persons: Towards Durable Solutions to […]

Africa Energy Headlines International

Africa: $11bn mini-grids fund to bring energy to 100 million people

Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is planning to unlock more than $11 billion from investors to bring electricity to at least 100 million people on the continent. The new financing facility attracted $16 million in its first close – enough to fund mini-grids that could connect 170,000 people, according […]

Africa Headlines International

BIDC approves financing of a new rural electrification project in Benin

The government of Benin plans to electrify about 100 rural communities after securing $28 million loan from the ECOWAS investment and development bank (BIDC). The communities involved in the project will be connected to the national electricity grid through the establishment of high voltage transmission and distribution lines, the government said. The operation will cover […]