First Independent Mena Newspaper
The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]
BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]
Der Mond Group, an Oil and Gas company headquartered in Abu Dhabi, has signed an agreement with Swiss consulting services company Iota Group to open a petroleum academy in Dakar, Senegal. The first oil and gas academy in Senegal is dedicated to train a wide range of professionals from West African countries in the fields […]
The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. The information was disclosed during the fourteenth annual conference of the African Refiners and Distributors Association (ARA), held in Cape Town over the weekend. According to reports from the ARA conference, new prospecting, […]
Negotiations are currently underway between the Moroccan phosphates group OCP and Kenya for the setting up of a fertilizer plant in Kisumu, the third largest city in Kenya after Nairobi and Mombasa. In this connection, the head of the Orange Democracy Movement (ODM), the main opposition party in Kenya, Raila Odinga, is currently visiting Morocco […]
The African Union (AU) has appointed Moroccan national Mohamed Belaich as the Pan-African organization’s Special Representative and Head of the AU Office in Sudan, a statement of the organization said. Ambassador Mohamed Belaich will represent the AU Commission Chairperson Moussa Faki Mahamat in Sudan. Belaich served as ambassador of Morocco to Kuwait, Libya and Sudan. […]
United Nations human rights experts have arrived in Mali to investigate last weekend’s horrific extermination of at least 157 villagers in the central region of the war-torn nation. Armed men wearing traditional Dogon hunters’ clothing surrounded the village at dawn last weekend before attacking people in their homes in Ogossagou in the Mopti region. The […]
Millions of survivors face dire conditions after the tropical cyclone Idai smashed into Mozambique’s coast, unleashing hurricane-force wind and rain that flooded swathes of the country. Thousands of people were trapped for more than a week in submerged villages without access to clean water. Two weeks after the Cyclone, the homeless, hungry and injured are […]
The East African Community (EAC) has secure $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity by 2022. The regional bloc comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The funds – […]
Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings […]