Investments & Projects

Abderrahim El Hafidi, the general director of Morocco’s National Office of Electricity and Drinking Water (ONEE), announced on Saturday the government’s plans to allocate a global investment budget of nearly MAD 300 million ($33 million) for the projects.

Morocco’s OCP Group and the Ethiopian government have signed a Joint Development Agreement to develop a fertilizer plant in Ethiopia. An Ethiopian delegation led by the country’s Minister of Finance, Ato Ahmed Shide, signed the agreement in Morocco on Saturday, September 18.

The represented Polish companies’ activity sectors are diverse. A few of the visiting companies specialize in professional lighting solutions, while others manufacture ultralight multi-purpose helicopters.

In an interview, Zimbabwe National Water Authority (ZINWA) chief executive officer, Engineer Taurayi Maurukira said China Nanchang Engineering was expected to move on site this week.

President Felix Tshisekedi said in May that some mining contracts could be reviewed because of concerns they are not sufficiently benefiting Congo, which is the world’s largest producer of cobalt and Africa’s leading miner of copper.

Angola is building two more refineries (Cabinda and Soyo) as well as refurbishing and expanding the capacity of the existing Luanda refinery. It targets to process 360,000 barrels of oil per day locally.

A Scoping Study at Ewoyaa, announced in January 2021, supports a business case for 2.0 Mtpa production operation with LOM revenues exceeding $1.55 billion, with significant potential to extend LOM”, Mining Review stated.

A new deep-water port at the Kenyan island of Lamu welcomed its first ships Thursday, launching a potential trade corridor for neighboring countries despite local opposition.

In a statement Sunday, the ministry said it is carrying out the biggest project to develop the railways with a budget exceeding LE 225 billion.