Opinion
Russia’s uneven relationship with the Maghreb
Last weekend, after the overthrow of President Bashar al-Assad, a Russian cargo plane departed from Russia's air base
1 min read
The proposed Africa Energy Bank, focusing on oil and gas ventures across the continent, is set to kick start later this year, with an initial authorized capital of $5 billion.
The bank, a partnership between Afreximbank and the African Petroleum Producers Organization (APPO), is meant to help plug a funding gap in Africa amid pressure on major banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.
Each African member country is expected to contribute a minimum of $83 million for a total of around $1.5 billion.
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Mauritania
Madkour Group to invest $200M in Mauritania natural gas power plant
Egyptian engineering and infrastructure powerhouse, Madkour Group, is investing in Mauritania’s energy network with a state-of-the-art natural gas power
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Mauritania backs Morocco’s Atlantic Initiative and gas pipeline
Morocco’s King Mohammed VI met with Mohamed Ould Cheikh El Ghazouani, President of the Islamic Republic of Mauritania, as
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Senegal-Mauritania: BP hesitates on Phase 2 of GTA gas field
British energy giant BP appears reluctant to implement Phase 2 of the Greater Tortue Ahmeyim (GTA) gas field, a major
Africa
WHO report: 150 million people across Africa driven into poverty by high healthcare bills
According to a new report by the World Health Organization (WHO), many African countries are relying heavily on out-of-pocket payments