Morocco: Acwa Power and Gotion Power Morocco have signed an agreement to develop a 500 MW wind power plant and a 2,000 MWh storage system, supplying the Gotion electric vehicle battery plant, operational in 2026. This project, with an initial investment of $800 million, is part of Morocco’s energy transition strategy. According to Africa News … Read more
Riyadh: At the New Africa Summit held in Saudi Arabia, the Kingdom unveiled plans to invest $45 billion in sub-Saharan Africa over the next five years. This significant financial commitment is spearheaded by Minister of Finance Mohammed bin Abdullah Al-Jadaan. The initiative is set to focus on transforming infrastructure, energy, and innovation sectors, with the … Read more
Tangier: On the occasion of the release of ‘Drawing from Above’, a collective work published by the association Je m’engage pour l’Afrique, Iliass Tanouti, aerospace engineer and vice-president at Constellr, shares his vision of the African space industry as a catalyst for sustainable development. Born in Tangier in 1997, Iliass Tanouti is a pioneer in … Read more
Ethiopia: Fitch Ratings has upgraded Ethiopia’s local currency issuer default rating to ‘CCC+’ from ‘CCC-‘, driven by easing financial pressures and improved macroeconomic stability. According to Africa News Agency, the upgrade is driven by reforms by the National Bank of Ethiopia, including the adoption of a market-based exchange rate, facilitating greater economic transparency and increasing … Read more
