Connect with us

Musings From Abroad

Shell to provide LNG to Morocco in a 12-year agreement

Published

on

North African country, Morocco has signed a 12-year deal to receive an annual 0.5 billion cubic metres (bcm) of liquefied natural gas (LNG) from oil multinational, Shell.

The gas will be transported from Spanish ports initially, using a gas pipeline that links the two countries, until Morocco builds its own LNG terminals, the ministry says.

Two power plants in northern and eastern Morocco that were previously fuelled by Algerian gas transported over the same route will now be able to run with the assistance of LNG.

The energy industry in Morocco is largely reliant on imported hydrocarbons. Presently, the nation imports around 90% of its energy requirements. Since 2004, total primary energy consumption has increased by roughly 5% annually.

According to official statistics, last year’s electricity output in Morocco was 82% coal, 1.6% gas, and 18% renewables.

However, Morocco expects to implement energy efficiency measures to reduce energy consumption by 15% from 2016 levels by 2030.

Musings From Abroad

China’s Hailiang, Shinzoom to establish vehicle battery installations in Morocco

Published

on

Hailiang and Shinzoom, Chinese car battery makers, will establish two separate operations in Morocco as the country strives to adapt its burgeoning automotive sector to rising demand for electric vehicles, Moroccan officials announced on Tuesday.

Tanger Tech, the Moroccan northern industrial zone’s development authority, said Hailiang intends to establish a $450 million copper facility on a 30-hectare plot of land. Shinzoom, a subsidiary of Hunan Zhongke, plans to invest $460 million in an anode plant spanning 20 hectares, according to a statement.

In April, the Moroccan government approved Chinese electric battery company BTR New Material Group (835185.BJE)’s plans to build a factory in Tangier to manufacture crucial component cathodes.

Another Chinese firm, CNGR Advanced Material (300919.SZ), plans to develop a cathode plant in Jorf Lasfar, 100 miles south of Casablanca, where the government has set aside 283 hectares for electric battery sectors.

Last year, the Moroccan government and China’s Gotion agreed to examine establishing an electric vehicle battery plant in the country, with a potential investment of up to $6.3 billion. Last month, Industry Minister Ryad Mezzour told Reuters that the Gotion project was moving forward, with conversations over its footprint and location.

Morocco’s strategic location on the Strait of Gibraltar, free trade agreements with important EU and US markets, and existing automotive sector cluster all attract Chinese enterprises.

In 2023, the automotive sector topped Morocco’s industrial exports with $14 billion, a 27% increase. Morocco is home to Stellantis (STLAM.MI) and Renault (RENA.PA) production factories with an annual combined capacity of 700,000 automobiles, as well as a network of local suppliers.

Continue Reading

Musings From Abroad

Prince Harry, Meghan treated to street-style dances in Nigeria as their trip winds down

Published

on

On Sunday, Prince Harry and his wife Meghan were treated to street-style dances in Lagos, Nigeria’s commercial capital, where they announced a partnership between their Archewell Foundation and the non-profit Giants of Africa, which utilizes sports to empower young people.

The Duke and Duchess of Sussex are making their first visit to Nigeria, where they were welcomed by the country’s chief of defence staff. The couple watched basketball practice at Ilupeju Senior Grammar School on Lagos Mainland, where Harry participated in ball-bouncing drills and shot a hoop.

“What you guys are doing here at Giants of Africa is truly amazing,” he said. “The power of sport can change lives. It brings people together and creates community and there are no barriers, which is the most important thing.”

The couple watched basketball practice at Ilupeju Senior Grammar School on Lagos Mainland, and Harry stepped on the court for some ball-bouncing drills and to shoot a hoop.

Former Toronto Raptors star Masai Ujiri, president of Giants of Africa, wished Meghan a happy Mother’s Day and said his organization was uniting communities and uplifting young people through sport, especially. Archewell Foundation and Giants of Africa will construct a basketball court in Nigeria’s capital Abuja.

“Talk about full circle again – never did I think we would be able to be here all those years later supporting the expansion of this incredible organization,” she said.
Harry and Meghan were set to round off their Lagos trip by attending a reception for a local charity. The couple live in the United States with their two children after Harry gave up working as a member of the royal family in 2020.

Continue Reading

EDITOR’S PICK

Tech4 hours ago

Google relaunches Hustle Academy with AI focus to empower African SMBs

Google has relaunched the 2024 cohort of its Hustle Academy, a programme dedicated to accelerating the growth of small and...

Sports4 hours ago

Zambia’s women national team coach face new sexual assault allegation

Zambia women national team coach, Bruce Mwape, is facing new allegations of sexual assault and misconduct at the 2023 Women’s...

Musings From Abroad13 hours ago

China’s Hailiang, Shinzoom to establish vehicle battery installations in Morocco

Hailiang and Shinzoom, Chinese car battery makers, will establish two separate operations in Morocco as the country strives to adapt...

Metro15 hours ago

Nigeria targets 10,000MW hydropower through sustainable power project

Nigeria’s Minister of Power, Adebayo Adelabu, says the federal government is targeting10,000 megawatts through its Sustainable Power and Irrigation Project...

VenturesNow16 hours ago

Nigeria’s inflation hits 28-year high of 33.69% in April

Nigeria’s consumer inflation reached a 28-year high of 33.69% in April, up from 33.20% in March, according to statistics agency...

Sports1 day ago

Botswanan Tebogo hits at Kenyan Omanyala over claims of being African sprint king

Botswanan sprint sensation, Letsile Tebogo, has hit back at Kenyan 100m champion, Ferdinand Omanyala, over claims that he is the...

Tech1 day ago

Latin America’s biggest payment processor PayRetailers expands into Africa

Latin America’s biggest payment processor, PayRetailers, has announced its expansion into Africa with coverage across four countries, Rwanda, Zambia, Uganda,...

Culture1 day ago

Legendary American music icon Stevie Wonder becomes full Ghanaian citizen

Legendary American singer and songwriter, Stevie Wonder, is now officially a Ghanaian citizen after he took an oath of allegiance...

Metro1 day ago

Zambian opposition New Heritage Party accuses govt of dictatorship

One of Zambian opposition parties, the New Heritage Party (NHP), has accused the government of dictatorship after the police insisted...

Metro2 days ago

Nigeria: President Tinubu unveils 21 major initiatives

Nigeria’s President Bola Tinubu has unveiled 21 major policy initiatives of his administration after the Federal Executive Council (FEC) meeting...

Trending