Energy Finance Headlines Morocco

BMCE Bank of Africa Gets €35 Mln Loan for Energy Efficiency Projects

Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]

Headlines Libya

Libya: GNA Turns Down EU’s Proposal to Build Migrant Camp on Libyan Soil

Libya’s UN-backed unity government Thursday rejected the European Union call for the creation of a migrant camp in Libya in a move to curb and control floods of migrants trying perilous trips to join countries of the 28-member block. Since 2011, following the fall of Libyan ruler Muammar Gaddafi, Libyan coasts have been departure points […]

Algeria Energy Europe Headlines

Italy’s Eni to Build Solar Plant in Algeria

Italy’s energy company Eni and Algeria’s state-owned hydrocarbons firm, Sonatrach, inked an agreement to build a solar plant to help the north African country reduce its dependency on gas. In addition to meeting local electricity demand, the plant would also free up more gas for the export market, local media said. The 10MW plant will […]

Headlines Morocco

Moroccan Navy Takes Part in Sea Border 2016 Naval Exercise in Italy

The Moroccan navy took part in the naval exercise, Sea Border 2016, in the Gulf of Taranto in Italy on September 5-9. On this occasion, Morocco sent patrol vessel OPV-70 dubbed, Bir Anzarane, which made an outstanding performance during the joint naval exercise that brought together naval forces from the north and south of the […]

Headlines Libya

Libya: Kobler Warns Further Divisions Looming after Seizure of Oil Terminals

UN envoy for Libya Martin Kobler tweeted Sunday that greater divisions are looming over Libya as the Libyan army led by Khalifa Hafter, rival of the UN-backed unity government in Tripoli, took control of most oil terminals controlled by Petroleum Facilities Guard aligned with the unity government. General Hafter’s forces Sunday announced they took over […]

Headlines Libya

Libya: The West Wants New Cabinet Line-Up Approved

France, Germany, Italy, Spain, the United Kingdom and the United States have called on the Libyan parliament to endorse the new cabinet line-up within ten days. Libyan authorities sent a new list of the team of the unity government to the House of Representatives for approval. In a joint statement, NATO allies praised the move, […]

Africa Headlines International

North Africa Tourism Badly Hit By Terror Threat

The tourism industry in many North African countries was affected this year by the terror threats as travelers avoid popular destinations such as Egypt, Tunisia, Turkey…targeted by terrorists. According to the World Travel & Tourism Council, Egypt is one of the worst hit places, with tourist arrivals down nearly 50 pc so far this year. […]

Headlines Libya

Libya’s Rival Factions vie for Control of Eastern Oil Terminals

The oil export terminals in eastern Libya are subject of fierce rivalry between the warring factions in Libya. The infantry brigades of General Khalifa Haftar’s Libyan National Army (LNA) which entered the town of Zueitina on August 14 are likely to continue their advance to the oil terminals controlled by the rival militia of the […]

Headlines Tunisia

Italy: Tunisian Imam Suspected of Committing Attacks Deported

Italian authorities Sunday announced the deportation of a Tunisian imam as part of the country’s prevention strategies against terror attacks. Hosni Hachemi Ben Hassem, 49, an imam based in Andria, Apulia region (South of Italy) was deported although the charges of recruiting fighters for terrorist groups were dropped against him, reports say. Another Tunisian named […]

Algeria Headlines

Italy to produce military helicopters in Algeria

Italy’s defense ministry and defense industry giant Leonardo-Finmeccanica signed this week an agreement to set up a military helicopters manufacturing plant near Setif in eastern Algeria. The factory will produce multipurpose light and medium Augusta West Helicopters that are used for transport, evacuation operations and surveillance, the Italian defense ministry said in a statement. The […]