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.
British consultancy firm Z/YEN and the China Development Institute (CDI) have ranked Casablanca 56th globally in their latest Global
A new offshore energy deal between Morocco and Israel is reigniting maritime tensions with Spain’s Canary Islands, the New
Morocco plans to launch a $6 billion tender for enhancing its natural gas infrastructure, aiming to boost its gas capacity
BP has halted a three-week gas leak at the Greater Tortue Ahmeyim (GTA) field off Senegal and Mauritania, the company
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