AFRICAReports Infrastructure News & Reports

Morocco Begins Construction of an Economic Zone at Fnideq

Morocco has begun the construction of an economic activity zone in Fnideq, a town in northern Morocco, on the Mediterranean coast of M’diq-Fnideq Prefecture near the border with the Spanish autonomous city of Ceuta. The works that are already taking place with regards to the construction of an economic zone on the site are the leveling …read more →

News & Reports Technology WORLDReport

Arm Technology Powers World’s Fastest Supercomputer

The International Supercomputing Conference, ISC, has announced that Fugaku supercomputer, a system jointly developed by RIKEN and Fujitsu Limited, based on Arm technology, was awarded the number one spot of the TOP500 list. Having been crowned the world’s most efficient supercomputer on the Green500 list in November 2019, Fugaku was also given top honours on …read more →

Agriculture Banking and Finance

Plateau Maize Farmers Commend FG Over Anchor Borrowers’ Programme

The Plateau chapter of the Maize Association of Nigeria (MAN) has commended the Federal Government for introducing the Anchor Borrower Programme (ABP) in the country. The Chairman of the association in the state, Mr Dakat Mbai, who made the commendation, said the initiative would address the basic challenges of food production in the country. The …read more →

Banking and Finance Infrastructure Financing

S&P Global Affirms AfDB’s AAA Rating

The S&P Global, a rating agency has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank, AfDB, with a stable outlook. The rating agency on Friday, June 19, positively assessed the bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy …read more →


NNPC Produces 218.37 bn Cubic Feet of Natural Gas in March

The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscfd). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, according to a release by the corporation’s …read more →

Economy News & Reports WORLDReport

World Bank Board to Meet on Nigeria’s $1.5 Billion Loan Request On August 6

The board of the World Bank is expected to meet on August 6, to decide on Nigeria’s request for $1.5 billion facilities to augment its revised 2020 budget amidst the impact of corona virus pandemic, sources at the international lender said. The lender decision which was initially set for late July, according to the sources …read more →

ENERGY Infrastructure News & Analysis Power WORLDReport

Hydrogen Fuel Economy Is Finally Going Mainstream

Hydrogen power has been on the market for decades but has never really been able to break the glass ceiling of mass-market appeal, mainly due to a host of technical and cost issues.  Indeed, battery power appears to be winning the race to replace the internal combustion engine (ICE) more than any other alternative fuel type. …read more →

AFRICAReports Agriculture Economy Infrastructure News & Reports

Moroccan Firm Seeks To Commission Fertiliser Plants in Nigeria, Ghana In 2024

Morocco’s OCP Group expects a fertiliser plant in Ghana and an ammonia plant in Nigeria to be operational by 2024, the company’s chief growth officer said, adding 2 million tonnes a year to its global output capacity. OCP, the world’s biggest phosphates exporter, will build the two plants, each with a capacity of 1 million …read more →

Banking and Finance Economy News & Reports

CBN Determined to Steer Economy Away From Recession

The Central Bank of Nigeria (CBN) has said that it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the global impact of the Coronavirus, COVID-19, pandemic. The Bank’s Director of Corporate, Isaac Okorafor, made the declaration in Abuja in a chat with newsmen, disclosing …read more →