Energy Headlines

Energy-deprived Africa has a right to use its natural gas reserves — AfDB chief Adesina

Warning the continent has 600-million people in energy poverty, the right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, African Development Bank (AfDB) President Akinwumi Adesina said, even as some nations push to see use of the fuel curtailed. Agreeing to a deal […]

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The African Union should join the G20 leaders group

South African President Cyril Ramaphosa has called for the African Union (AU) to be made a permanent member of the G20, a group of 20 countries with leading economies which come together to discuss policy on health, trade and other issues. Speaking during the Working Session on Food and Energy Security at the G20 Leaders’ […]

Energy Headlines

Desert to Power initiative to light up the Sahel countries “showcased” at COP27

Launched in 2019 by the African Development Bank Group (AfDB) and its partners, the Desert to Power initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world. The Desert to Power initiative is designed to […]

Business Egypt Finance Headlines

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Energy Headlines Morocco

COP27: Morocco-Made eco-friendly solar lamps light up Egypt’s Giza Pyramids

Morocco-made environment friendly solar lamps were installed at the Pyramids of Giza, at the initiative of Moroccan brand ‘Shems for Lighting’ and ‘Liter of Light’ as part of the activities of the 27th Conference of the Parties to the United Nations Convention on Climate Change (COP27) held in Sharm el-Sheikh (November 6-18). These lamps, made […]

Egypt Headlines Morocco

Morocco, Egypt to upgrade cooperation in environment, sustainable development

Morocco and Egypt have signed an agreement seeking to upgrade their cooperation in matters of environment and sustainable development. The agreement, signed in Sharm el-Sheikh, on the sidelines of the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), takes into consideration recent developments in this field at the […]

Energy Headlines International Morocco

Moroccan, Israeli firms agree at COP27 to cooperate in green hydrogen production

Morocco’s renewable energy developer Gaia Energy and Israel’s hydrogen-focused startup H2Pro signed a memorandum of understanding to promote cooperation in the production of green hydrogen, Israeli media reported. The deal, signed on the sidelines of the ongoing UN Climate Conference (COP27) in Sharm El Sheikh, is part of a momentum of cooperation deals between authorities […]

Africa Community Headlines International Morocco

COP27: Princess Lalla Hasnaa voices Morocco’s firm support to Congo Basin resilience to climate change

Moroccan Princess Lalla Hasnaa, Goodwill Ambassador of the Congo Basin Climate Commission (CBCC) & the Blue Congo Basin Fund, has reaffirmed, in Sharm El Sheikh, Morocco’s strong commitment to support the three African Climate Commissions launched by African leaders during COP22 held in Marrakesh. “Morocco, as a Founding Partner Country and, above all, as a […]

Energy Europe Headlines International Morocco

COP27: Morocco & European partners agree on sustainable electricity trade roadmap

Morocco and its European partners (France, Germany, Portugal and Spain) have sealed the “Sustainable Electricity Trade Roadmap” on the sidelines of the COP27 climate change summit taking place in Sharm El Sheikh, Egypt. The five countries recognize the benefits of regional electricity market integration. This ambitious plan had been disclosed during COP22 held in Marrakesh […]

Africa Headlines International

On COP-27 sidelines, Kenya-UK ink green investment program deal

A new multipurpose dam that will be built in Kitui and Tharaka Nithi counties in Kenya will cost about $3,5 billion following a deal signed by the country’s President William Ruto and British Prime Minister Rishi Sunak on Monday (7 November). The green investment programs — in energy, agriculture and transport — will become flagship […]