Africa: Swedfund Commits $14.7 million to Evolution II Energy Fund
Swedfund, Sweden’s development finance institution that supports companies in Africa, Asia, Latin America and Eastern Europe, has invested SEK 126m in the Evolution II Fund, […]
energy
Shell to invest $1bln a year in renewables energy as of 2020
The world’s second largest publicly-traded oil company, Royal Dutch Shell Plc, plans to increase its investment in renewable energy to $1 billion a year by […]
AU secures $150 mln to boost Africa’s geothermal energy
The African Union has mobilized about $150 million in geothermal energy development in East Africa, Chinese News Agency Xinhua reported. According to Rashid Ali Abdallah, […]
Benin secures WB loan to ease power crisis
The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African […]
Nigeria: Exxon Mobil Closes Doors in Lagos over Workers’ Protest
U.S. oil giant Exxon Mobil’s headquarters in Lagos has been shut down, after protesters besieged the company’s offices, protesting the sacking of 150 Nigerian workers. […]
Morocco Forges Ahead on Path of Sustainability, Energy Transformation
Sustainable development and energy transformation were front and center at the energy day which kicked off in the Moroccan pavilion in COP22 Blue zone. With […]
World Bank to Earmark $16 Billion for African Clean Energy Projects
Clean energy projects will be flying high across Africa as the World Bank is planning to raise $16 billion for solar, hydro, and geothermal energy […]
Morocco, 3rd Business-Friendly Country in Africa, Doing Business 2017 Report
The World Bank Tuesday hailed Morocco, in its 2017 Doing Business report, for the reforms conducive to investment it initiated, ranking the Kingdom third in […]
Morocco-China Strategic Partnership Opens Up New Possibilities
The strategic partnership sealed Wednesday in Beijing by King Mohammed VI with China has opened up new cooperation opportunities for Morocco as this giant Asian […]
Africa Power Vision to Electrify Continent by 2063
A joint venture called Africa Power Vision (APV) is planning to electrify the African continent with reliable and affordable energy sources by 2063. The development […]