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Morocco’s Akwa Group invests in oil storage project in Senegal
Moroccan Akwa private group, a major player in energy and petroleum distribution, has launched a strategic oil storage project in Bargny-Sendou, approximately 30 km from Dakar, Senegal. According to weekly news magazine “Jeune Afrique”, this project, which includes natural gas processing, could reshape energy distribution in West Africa. It will also enhance Senegal’s energy infrastructure […]
Laayoune: Air Traffic at Hassan 1st Airport Up 5.4 pc
The passenger traffic at Hassan 1st airport of Laayoune grew by 5.4 pc during the period from 1 January to 31 May 2019, according to data released by Morocco’s National Airports Office (ONDA). The number of travelers who transited through this hub went up from 88,947 to 93,772 during the first five months of 2019. […]
Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks
Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]



