Energy Headlines Morocco

Morocco’s energy ministry under scrutiny over limited use of spare storage capacity

Morocco’s energy ministry is facing renewed scrutiny over the actual use of storage facilities at the idle Samir oil refinery, after energy minister Leila Benali said the state had enabled operators to access the infrastructure over the past three years. Speaking to 2M TV channel, Benali said her ministry had used Samir’s storage capacity as […]

Finance Headlines Mauritania

Mauritania, Islamic Development Bank sign €116.6 million financing deals for health and energy

Mauritania and the Islamic Development Bank (IsDB) have signed two financing agreements worth €116.6 million to strengthen the country’s health and energy sectors.   The agreements were signed in Jeddah by Mauritania’s Minister of Economic Affairs, Abdallah Ould Souleymane Ould Cheikh Sidia, and IsDB Vice-President for Operations, Rami Ahmed, in the presence of senior Mauritanian […]

Africa Energy Europe Headlines International Morocco

Sahara, a pillar of energy corridor linking Africa and Europe

The Atlantic Sahara is called upon to become a strategic corridor of connectivity and opening-up between two continents, Africa and Europe thanks to the major energy projects launched under the impetus of King Mohammed VI. The remarks were made by Minister of Energy Transition and Sustainable Development, Leila Benali, in Dakhla on Friday, in a […]

Energy Features Headlines

Tunisia Cites Financial Strains and Supply Challenges in Al Borma Oil Output Decline

Tunisia’s Ministry of Industry, Mines, and Energy has clarified that the decrease in production at the Al Borma oil field stems largely from a natural annual decline of approximately 8 percent, compounded by operational hurdles linked to the financial difficulties of the Italo-Tunisian Petroleum Exploitation and Distribution Company (SITEP). Responding to a parliamentary inquiry by […]

Energy Features Headlines

Morocco’s OCP Group to invest $13 bln by 2030

Morocco’s state-owned phosphate giant, OCP Group, is set to close 2025 with investments totaling 53 billion dirhams – as part of an already announced 13 billion-dollar investment plan by 2030- driven by major projects including the expansion of fertilizer production capacity, according to a government report attached to the 2026 draft finance bill. Published by […]

Africa Features Headlines International

Africa’s twin drain: climate disasters and illicit fund transfers erode infrastructure and growth

Africa is losing billions each year to twin economic threats: climate-induced natural disasters and illicit financial flows, a new series of reports reveal. According to a new report by the Coalition for Disaster Resilient Infrastructure (CDRI), natural disasters inflict $12.7 billion in annual damage to infrastructure across the continent. Floods alone account for nearly 69% […]

Energy Features Headlines

Ethiopia charts bold future with mega nuclear power plant and $30bn development drive

Ethiopia is set to break ground on a mega nuclear power plant, Prime Minister Abiy Ahmed announced Tuesday (9 September), unveiling a sweeping $30 billion infrastructure agenda aimed at transforming the country’s energy, transport, and industrial sectors. Speaking at the inauguration of the Grand Ethiopian Renaissance Dam (GERD) — Africa’s largest hydropower project — Ahmed […]

Africa Emerging Markets Energy Headlines International Mauritania Morocco

Morocco & Mauritania to speed up partnership in grids interconnection, renewable energies

Ways of accelerating Moroccan-Mauritanian cooperation in electricity and renewable energies were at the center of talks held Monday in Nouakchott between Moroccan minister of Energy Transition Leila Benali and Mauritanian Minister of Energy Mohamed Ould Khaled. The talks, held on the sideline of 7th Mauritanian Energy & Mining Conference & Exhibition (Mauritanides), were an opportunity […]

Africa Features Headlines International

Russia deepens strategic ties with Congo, citing ‘time-tested’ partnership

In a renewed show of diplomatic and strategic alignment, Russian President Vladimir Putin has declared the Republic of Congo a “reliable and time-tested friend,” highlighting the Central African nation as a key entry point for Moscow’s growing influence across the continent. The statement came during Putin’s recent meeting with Congolese President Denis Sassou Nguesso in […]

Business Emerging Markets

East Africa navigates global headwinds with resilient growth outlook

Despite mounting global economic uncertainties, East Africa remains on a steady growth path, driven by investments in infrastructure, energy, agriculture, and digital innovation. According to a recent Deloitte’s 2025 East Africa Economic Outlook, the region is set to be the fastest-growing on the continent, even as high inflation, rising debt, and currency volatility pose significant […]