Morocco seeks to expand International Cooperation on renewable energy

MOROCCO – The government of Morocco aims to further strengthen international cooperation in renewable energy, announced Minister of Energy Transition and Sustainable Development Leila Benali. Benali said that the kingdom seeks to establish more cooperation with countries and international bodies to attract foreign investments and transfer technology, particularly in the energy field. The minister made her remarks at the 26th…

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Bollore Logistics awarded main logistics contract for crude oil pipeline

KENYA – TotalEnergies has awarded a contract for the main logistics contractor (MLC) services for the East African Crude Oil Pipeline (Eacop) project, to French multinational, Bollore Logistics. Local firms in Uganda and Tanzania will, therefore, only play the support role. Bollore Logistics will deliver the services within the budget of US$133 million, which the company bid. EALS Ltd., a…

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Rural Electrification Agency plans 10,000 mini-grids for Nigeria’s rural farmers

NIGERIA – The Rural Electrification Agency (REA) is set to deploy about 10,000 mini-grid solutions to power rural farmers by the year 2030 as part of efforts to boost food production in the country. The scheme, Energizing Agriculture Programme is being supported by Rocky Mountain Institute and the Global Energy Alliance for People and Planet. In addition, it is expected…

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United Kingdom avails US$220m financing to improve access to high-quality internet in Kenya

KENYA – The United Kingdom, through the British International Investment (BII), has availed financing worth US$220 million to improve access to high-quality internet in Kenya. BII chief executive Nick O’Donohoe said that the financing is part of its drive to channel greater funding to, among others, help drive innovation and the digital economy. O’Donohoe was speaking at a function in…

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Egypt signs MoU with TotalEnergies, Enara Capital to boost Green Ammonia production

EGYPT – The government of Egypt has signed a memorandum of understanding (MoU) with Total Energies and Enara Capital to annually produce 300,000 tons of green ammonia from clean energy in the Sokhna region. The MoU was signed between the Egyptian General Authority for Suez Canal Economic Zone (SCZone), Egypt’s Sovereign Fund, the Egyptian Electricity Transmission (EETC), the New and…

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Egypt signs US$145.6M grant agreements with European Union for development

EGYPT – The Ministry of International Cooperation has signed development financing grants with the European Union worth US$145.64 million to develop several sectors. The signing took place in a ceremony organized by Egypt’s Ministry of International Cooperation and the EU in Egypt, marking Europe Day. The year 2022 marks 45 years of EU-Egypt bilateral relations and 50 years of regional…

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Cameroon receives US$28m financing from EIB to strengthen economic resilience

CAMEROON – CCA Bank and Commercial Bank-Cameroun have received US$28.46 million (EUR27m) of new long-term financing from the European Investment Bank (EIB) to support investment by entrepreneurs and businesses across Cameroon and strengthen economic resilience to the COVID-19 pandemic. The two new credit lines will be managed by leading local financial partners, EUR 15 million (US$15.81m) by CCA Bank and…

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Government of Zimbabwe injects US$51m in SIRP to reduce vulnerability of rural farmers

ZIMBABWE – Government of Zimbabwe and development partners have injected at least US$51 million towards the Small Holder Irrigation Revitalisation Programme (SIRP) to rural farmers across the country. The funds were mobilized from several program funding partners, as well as the Zimbabwean treasury. SIRP National Project Coordinator, Odreck Mukokera, speaking during the commissioning of Mayorca Irrigation Scheme in Silobela, said…

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AfDB approves US$180m loan for extension of electricity in rural areas

RWANDA – The African Development Bank (AfDB) has approved two loans amounting to US$180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda. This follows earlier approval for US$84.2 million from the resources of the African Development Fund (ADF), the concessional window of the Bank Group, for…

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Investors and companies form USA sign agreement for business projects in Tanzania

TANZANIA – Tanzania and the Government of USA have signed seven agreements for business projects which are set to be implemented in Tanzania by investors and companies from the United States of America. According to a statement issued by the directorate of presidential communications, the deals with key private sector companies are worth a total of US$5.04 billion (KSh11.3trillion) and…

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