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Egypt Targets Petroleum Self-Sufficiency by 2023

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Egypt plans to stop relying on imported oil by 2023, Prime Minister Mostafa Madbouly has said.

Madbouly disclosed this when he addressed the 568 member House of Representatives on Monday.

In September, the country’s petroleum minister, Tarek El Molla, said that in 2020, Egypt imported just 3.5 million tonnes of gasoline for $1.5 billion, compared to 10 million tonnes in 2016.

“By 2023, God willing, Egypt will reach total petroleum self-sufficiency. We will not be importing petroleum products produced in other countries,” Madbouly said.

The prime minister added that in 2020 the country had signed 26 geological survey contracts with combined investments of almost $11 billion.

“We have reached a total gas self-sufficiency and meet the local market’s demands in various areas,” the official stressed, adding that the gas production had increased by 28 per cent.

According to Madbouly, the government has also managed to fully implement its economic reforms package and lowered the budget deficit from 10 to 7.9 per cent.

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Nigeria Buries Air Force Personnel Killed In Plane Crash

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Thursday, February 25th, was an emotional day for Nigeria as it buried its Air Force personnel who died in an air mishap last week.

The crash occured after the airmen left Abuja on an intelligence mission, enroute Minna as part of plans to rescue the abducted Kagara boys at the time. All seven men on board were killed.

Those who died in the crash were named as: Haruna Gadzama (Pilot); Henry Piyo (Co-pilot); Michael Okpara (Airborne Tactical Observation System Specialist) and Bassey Etim (ATOS Specialist).

Others were Olasunkanmi Olawunmi (ATOS specialist), Ugochukwu Oluka (ATOS specialist) and Adewale Johnson (Onboard Technician).

The deceased were buried on Thursday at the National Military Cemetery, Lugbe in Nigeria’s Federal Capital Territory.

Minister of Defence, Bashir Magashi, Ekiti State Governor, Kayode Fayemi and Nigeria’s service chiefs were all present at the burial ceremony as they paid their last respects.

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All Eyes on Ghana as African Gold Rises Like the Phoenix

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Ghana has become the toast of exploration firms in the continent and is now Africa’s largest gold producer. It churned out 80.5 tonnes in 2008. To prove her worthiness of the title, Ghana has 23 large-scale mining companies producing gold, diamonds, bauxite and manganese.

There are over 300 registered small scale mining groups and 90 mine support service companies. So, apart from earning revenue for Ghana directly, it also ensures many people earn a stable living along the value chain.

Gold production in becoming an important export earner in West Africa.

This is true for countries like Ghana, Burkina Faso and Mali as these nations are expected to increase their export quota by 2.7% in 2021 to 8 Moz (million ounces) and grow to 8.4 Moz (million ounces) by 2024 – a 1.6% compound annual growth rate (CAGR).

After strong growth in 2019, West Africa’s gold production was badly hit by the COVID-19 pandemic in 2020, owing to the temporary suspension of mines such as Fekola in Mali.

The pandemic had a significant impact on African operations, mainly during the early part of the second quarter of 2020, when, at one point, the region’s gold mines were on hold with no production due to COVID-19 lockdowns according to Global Data, a leading data and analytics company.

And Ghana is expected to lead the growth, where the production is expected to reach 3.9moz (million ounces) in 2024 from a forecasted 3.6 Moz in 2021. West Africa’s second largest economy is looking more money in her coffers in 2021.

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Africa’s Largest University Hospital Opens in Tangier

Africa’s largest university hospital, Tangier University Hospital with a capacity of 865 beds has opened in Morocco’s coastal city, Tangier.

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Africa’s largest university hospital, Tanger University Hospital – a 71,000 sqm healthcare facility with 865 beds capacity is now open in Morocco’s coastal city, Tangier.

The hospital, built by Morocco’s Health Ministry – Ministere de la Sante’ (MDS) at a cost of $130 million will help ease pressure on the northern regions’ hospitals.

Tangier is Morocco’s second-largest industrial hub, strategic port, and trade centre with a burgeoning population due to large-scale investments in industry, services, and transport.

The edifice shows two prominent semi-circular volumes linked by glazed pedestrian links and surrounded by planted green courts. Its facade features angled sun-shading fins and peculiar aesthetics that make the building respond to its climatic context.

The port is the largest on the Mediterranean and in Africa by capacity. connecting over 170 ports in 77 countries.

This is outstanding especially for Tangier, which has been one of the worst-hit Moroccan cities by the COVID-19 pandemic.  The 865-bed university hospital covers 4 floors, and comprises 15 surgical rooms and a unit for victims of fire accidents.

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