Mohamed Shaker, the Minister of Electricity and Renewable Energy and Vladimir Kazbekov, the Deputy Head of…
Category: North Africa
Critical Mineral Acquires 26 Exploration Permits from Morocco
Critical Mineral Resources has acquired 26 exploration permits prospective for copper, antimony, tungsten, lead/zinc and gold in central Morocco. The company has acquired…
Egypt to Set Up Green Data Centre
Egypt is preparing to establish a green data centre project. This project would harness about 200…
IFC Announces $30m Equity Investment in Africa Infrastructure Investment Fund
The International Finance Corporation (IFC) announced a $30 million equity investment in the Africa Infrastructure Investment…
Libya Discusses Gas Pipeline Proposal from Nigeria to Europe
Libya’s Prime Minister, Abdul Hamid Dbeibah, discussed the possibility of establishing a gas pipeline from Nigeria…
Egypt, ACWA Power Sign $1.5bn Wind Energy Agreement
Egyptian cabinet has stated that the country has signed an agreement for a 1.1 gigawatt wind…
Kenya Startups Attracted $800m Venture Capital in 2023 –Report
Kenyan startups attracted $800 million (Sh127.2bn) in venture capital in 2023, surpassing Egypt, Nigeria and South…
IPR Energy Discovers Oil in Egypt
US-based IPR Energy Group (IPR) has discovered oil with its West AY-1X exploration well onshore Egypt.…
Russia Lends Egypt Over $1bn to Construct Nuclear Power Plant
Egyptian government officials have disclosed that Russia has lent Egypt over $1 billion to date of…
World Bank Grants Iberdrola €300m to Develop Renewable Projects
The World Bank’s private sector investment arm, the International Finance Corporation (IFC), has granted Iberdrola, a…