By the AFREEQUE newsroom, based on Algérie 360
Algeria, Nigeria and Niger have reached an agreement on financing the Trans-Saharan gas pipeline, while Algiers is negotiating with Russian companies. The project’s financial structure has been finalised, but a final investment decision in 2027 is still pending, according to Algérie360.
Ongoing story · day by day
The Trans-Saharan gas pipeline has reached a new financial milestone with agreement on its structure and the arrival of Russian companies.
11 NovTrans-Saharan gas pipeline: financial structure agreed, investment decision in 2027
2 NovRussian companies join Trans-Saharan Gas Pipeline projectNigeria, Algeria and Niger have agreed on the financial structure of the Trans-Saharan gas pipeline (NIGAL), stretching 4,327 km and designed to transport up to 30 billion cubic metres of gas a year. The cost is estimated at between $10 billion and $13 billion, and discussions on the final investment decision are due to begin in 2027, according to NNPC chief Bashir Bayo Ojulari, cited by El Khabar at the ADIPEC conference in Abu Dhabi.
🇩🇿 Algeria · Source: Observ'Algérie ·
Algeria is negotiating with the International Finance Corporation (IFC), the World Bank's private-sector arm, to create an investment fund for its startups, according to minister Noureddine Ouadah, who cites "very advanced" talks conducted with the Ministry of Finance. The fifth African startups conference, from 5 to 7 December in Algiers, should enable Algerian startups to raise more than $10 million.
🇩🇿 Algeria · Source: TSA ·
Kano Governor Abba Kabir Yusuf proposes a 2027 budget of 1,107,024,004,244.48 naira, including 693.47 billion for capital expenditure. The plan aims in particular to complete ongoing projects and accelerate rural development, according to Abba Kabir Yusuf.
🇳🇬 Nigeria · Source: ThisDay ·
A new 386-megawatt thermal power plant has been commissioned in Hassi R'Mel, in Laghouat province, southern Algeria. Energy Minister Mourad Adjal presided over the inauguration, with a 400-kilovolt North-South electricity interconnection under study, according to Algérie360.
🇩🇿 Algeria · Source: Algérie 360 ·
54 fires recorded in 48 hours in AlgeriaAlgeria’s Civil Protection recorded 54 fires in 48 hours, including 42 brought under control and eight still active on Thursday morning in the wilayas of Béjaïa, Mila, Tizi-Ouzou, Jijel and Chlef, according to its 12 November report. The fires come in November, as temperatures are unusually high for the season.
EU provides €45 million for skills in TunisiaTunisian Employment Minister Riadh Chaoued reported employment rates of at least 70%, reaching 100% in some specialities, at the first Tunisia-EU Talent Partnership Forum in Tunis. EU ambassador Giuseppe Perrone confirmed around €45 million in European support, while acknowledging that visas remain crucial for circular mobility, according to La Presse de Tunisie.The week in Africa
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