World Bank approves $265 million for Morocco hydropower project

World Bank approves $265m for Morocco’s Ifahsa pumped-storage hydro project

Photo Credit: WAM Dubai, UAE — July 2026 — The World Bank’s Board of Executive Directors approved on Wednesday 265 million in financing to support the “Ifahsa” pumped-storage hydroelectric project in Morocco. In a statement, the World Bank said the Ifahsa project, located in northern Morocco, will function as a giant rechargeable “battery” for the [] The post World Bank approves 265m for Morocco’s Ifahsa pumped-storage hydro project appeared first on Middle East News 247.

World Bank approves Morocco clean energy project after ending climate lending target

The World Bank board of directors on Wednesday approved 265 million in financing ​to support construction of a new pumped hydropower storage ‌plant in Morocco

World Bank approves $265 million to support Hydropower Storage Project in Morocco

World Bank approves $265 million to support Hydropower Storage Project in Morocco

EIB lends Morocco €350 million for railway and motorway upgrades

The European Investment Bank agreed to provide Morocco with 350 million in loans for railway rehabilitation and motorway upgrades during EIB President Nadia Calviño’s first official visit to the kingdom. The financing package, signed in Rabat on Tuesday, also includes a 15 million European Union grant, bringing the combined loans and grants announced for the [] The post EIB lends Morocco 350 million for railway and motorway upgrades appeared first on HESPRESS English - Morocco News.

Nigerian Navy Delivers Clean Water Project to Niger Community

The Nigerian Navy has commissioned a solar-powered water supply project in Muye community, Niger State, expanding access to clean and potable water for residents as part of its community development initiative. The project, inaugurated on 8 July 2026 under the Chief of the Naval Staff’s Special Intervention Quick Impact Project, comprises a 35,000-litre elevated water [] The post Nigerian Navy Delivers Clean Water Project to Niger Community appeared first on Voice of Nigeria.

AfDB Approves €205 Million to Support Morocco's Kenitra-Marrakech Rail Expansion

The Board of Directors of the African Development Bank (AfDB) Group has approved 205 million in financing for Morocco to support the implementation of the Railway Infrastructure Development Support Project (PADIF), aimed at expanding the country's high-speed rail network and modernizing key railway infrastructure. The funding, approved during a board meeting in Abidjan on Wednesday, ...

ExxonMobil to Invest $1 Billion in Nigeria

ExxonMobil and its partners will invest 1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing Director Jagir Baxi confirmed the investment commitment during an industry conference in Abuja, Nigeria. The investment marks ExxonMobil’s return to drilling activity [] The post ExxonMobil to Invest 1 Billion in Nigeria first appeared on Egypt Oil Gas.

Zambian, Korean firms sign deal for 500MW solar plant

Zambia's state-owned power utility ZESCO and South Korea's KS Eco Solutions Holdings have signed a purchase agreement for a 500-megawatt solar plant and battery storage project, as Zambia seeks to diversify its energy mix after recent electricity shortages. Zambia plans to expand its power generation capacity to about 10,000 MW by 2030, up from the current 3,500-3,900 MW, to address a power deficit of more than 1,600 MW and support economic growth. Solar energy is viewed as a key renewable energ

World Bank Approves $1.25 Billion Loan for Nigeria Under Jobs Program

The World Bank has approved a seven-year 1.25 [] The post World Bank Approves 1.25 Billion Loan for Nigeria Under Jobs Program appeared first on The Media Line.

Uganda Oil Production Set for 2027 as World Bank Urges Reforms for Job Creation

KAMPALA, UGANDA – As commercial Uganda oil production moves closer to reality with extraction expected to begin in 2027, a new World Bank report emphasizes that the nation’s greatest opportunity lies in implementing structural reforms to translate economic growth into sustainable job creation. According to the latest Uganda Economic Update, the country’s economy expanded by []

World Bank approves $1.25bn for Nigeria to boost reforms, investment, jobs

By Yinka Kolawole, with agency report The World Bank has approved a fresh 1.25 billion financing package for Nigeria to support ongoing economic reforms, stimulate private investment and accelerate job creation. The funding, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, forms a key component of the World Bank’s new Country [] The post World Bank approves 1.25bn for Nigeria to boost reforms, investment, jobs appeared first on Vanguard News.

World : OPEC+ Countries Produced Oil 7.5mln Bpd Below Target In June - IEA Report

MOSCOW, July 10 (Bernama-Sputnik/RIA Novosti) -- OPEC+ countries with voluntary restrictions increased oil production in June by 2.1 million barrels per day to 32.4 million barrels, and produced 7.5 million barrels per day below the quota level, the International Energy Agency (IEA) said in its fresh report on Friday, Sputnik/RIA Novosti reported.

Grene Capital Expands Jabi Lake Mall Solar Footprint by 150%, Raises Installed Capacity to 1.5MWp

150, Raising Installed Capacity to 1.5 MWp 1.5 MWp installation delivers 175,000 kWh of clean energy monthly Expansion significantly reduces diesel reliance and strengthens operational resilience at one of Grene Capital’s flagship assets Builds on Jabi Lake Mall’s pioneering status as Nigeria’s first solar-powered mall Lagos, 06 July 2026 — Grene Capital, the Africa-focused real [] Grene Capital Expands Jabi Lake Mall Solar Footprint by 150, Raises Installed Capacity to 1.5MWp

PM witnesses signing of MoU for Egypt’s first wind turbine plant, 2,000-MW wind farm

CAIRO, June 24 (MENA) – Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a memorandum of understanding (MoU) to establish Egypt’s first wind turbine manufacturing plant and develop a 2,000-megawatt wind power project in the Gulf of Suez region, marking a major step toward localizing renewable energy technologies and expanding clean energy generation. The post PM witnesses signing of MoU for Egypt’s first wind turbine plant, 2,000-MW wind farm appeared first on Egypt Independent.

OPEC+ companies slightly boosting production as oil prices slide

A group of oil-exporting countries has agreed to a modest increase in oil production, though current prices are already relatively low. Seven OPEC+ nations have said they will increase their production goals by 188,000 barrels per day. The participating countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. Multiple nations in the Middle...

👨🏿‍🚀TechCabal Daily – Monzo goes Nigerian

In today's edition: Mauritius' largest bank wants a piece of Côte d'Ivoire || Monzo’s making a Nigerian play || Zanzibar just signed a 114 million fibre deal || Daya raised 2.4 million to facilitate stablecoin payments

Syria secures first national Green Climate Fund project to tackle water scarcity

Damascus, July 3 (SANA) The Green Climate Fund’s (GCF) Board of Directors has approved funding for Syria’s first national project, valued at 27.7 million, under the title “Strengthening the capacity to address water scarcity risks in the areas most affected by climate change and water shortage in Syria,” the Ministry of Local Administration and Environment said []

World Bank Approves $750 Million Kenya Deal, Agrees to Back

The World Bank approved a long-awaited 750 million loan to Kenya in support of reforms aimed at enhancing good governance and improving public-finance management.

The Risk Problem With Investors Treating African Energy As One Market

By Vuyo Mafrika, Head, Global Markets, Client Solutions – Africa Regional Offices; Chewe Chumanya, Bank Manager, Absa Zambia; and Opy Ramaremisa, Head, Client Solutions, Absa CIB The El Niño-linked drought that parched Southern Africa in 2024 emptied one of the most important pieces of energy infrastructure on the continent. Lake Kariba, which stretches across the []

Vallourec joins contractor line-up on Azule’s $5.1bn Angola development

French tubing manufacturer Vallourec has been awarded a contract by Azule Energy for the Greater PAJ offshore development project in Angola. Under this contract, Vallourec will supply more than 26,000 tons of seamless carbon steel line pipes, representing approximately 210 km of pipeline, including advanced solutions with heavy thermal insulation coating. Deliveries associated with this

OPEC+ adds 188,000 bpd to August quota amid cooling oil market

OPEC+ adds 188,000 bpd to August quota amid cooling oil market

World Bank approves USD375.9M for Pakistan’s power grid upgrade

World Bank approves USD375.9M for Pakistan’s power grid upgrade

Major boost for Nigeria as World Bank approves $1.25 billion reform financing

World Bank approves 1.25 billion for Nigeria's economic reforms, targeting job creation, investment boost, and growth in power, agriculture, and digital sectors.

World Bank Approves $27m Performance-Based Grants For 20 Nigerian States

Twenty Nigerian states will receive 27 million in World Bank grants after meeting education, healthcare and governance reform targets.

OP-ED: Uganda’s $500 Billion Economy Will Be Built on Wires, Not Just Watts

By Joel Aita I have spent more than twenty years building infrastructure in this country, and there is one conversation I have had more times than I can count. An investor sometimes a manufacturer, sometimes a developer sits across the table, excited about Uganda. The land is secured. The financing is arranged. The business case [] The post OP-ED: Uganda’s 500 Billion Economy Will Be Built on Wires, Not Just Watts appeared first on Watchdog Uganda.

Ziraat Participation Bank sees opportunities for Turkish investors in post-war Sudan

Deputy CEO at Port Sudan Bilge Kaan Dogan says bank is only international lender operating in Sudan after war, with reconstruction driving growing demand

One Street Studios Named by Afreximbank and Fund for Export Development in Africa (FEDA) as Co-General Partner of the Pan African Film Fund Aiming to Mobilise up to US$1 Billion

CAIRO, July 9, 2026 /PRNewswire/ — African Export-Import Bank (Afreximbank) (www.Afreximbank.com), through its development impact investment arm, the Fund for Export Development in Africa (FEDA), today announced the appointment of One Street Studios as the Co-General Partner of the Pan African Film Fund. This Fund aims to mobilise up to US1 billion for Africa’s film and creative []

RM50 juta setahun baiki paip bocor di Kelantan

KOTA BHARU: Kerajaan Kelantan menjangka kos bagi kerja-kerja membaiki paip bocor yang menjadi antara penyumbang utama masalah air tidak berhasil (NRW) tinggi di negeri ini meningkat sehingga RM50 juta setahun. Pengerusi Jawatankuasa Kerja Raya, Infrastruktur, Air dan Pembangunan Luar Bandar negeri, Datuk Dr. Izani Husin berkata, ia meningkat berikutan penggunaan sistem khas untuk mengesan kebocoran ... Read more The post RM50 juta setahun baiki paip bocor di Kelantan appeared first on Utusan Malaysia.

OPEC Fund launches first local currency financing deal with Bank Respublika

The OPEC Fund for International Development (the OPEC Fund) has signed a US20 million-equivalent local currency loan with Bank Respublika in Azerbaijan, marking an important expansion of its financing toolkit. The proceeds will be on-lent to local micro, small and medium-sized enterprises (MSMEs), helping strengthen entrepreneurship, create jobs and support sustainable economic growth, AzerNEWS reports.

UK guarantees $1 billion World Bank loan to Ukraine

Of the sum, 500 million will be allocated to support the World Bank's 3.35 billion project to raise private financing and investment, as well as to create jobs for qualified specialists

OPEC+ Approves Fresh Oil Output Increase for August

The OPEC+ alliance agreed to increase oil production quotas once again, approving a collective output hike of 188,000 barrels per day (bpd) starting in August as the group continues its measured strategy of restoring supply to the global market.