The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of Singapore-based Olam International, to boost the company’s production of palm oil in the central African country. The loan, Gabon Review reports, will be used in the construction of a biodiesel […]
British company SDX Energy announced commercial gas findings during a recent drilling operation in northern Morocco, describing the discovery as excellent news. In a press release, the company announced that it drilled the BMK-1 well to a measured depth of 1,551 meters and encountered commercial quantities of gas. “The Upper Guebbas was encountered […]
Morocco and Portugal signed on Thursday a Memorandum of Understanding to set up a maritime hub with advanced infrastructure and services to boost the two countries competitiveness. The agreement was signed in Lisbon by Morocco’s Equipment, Transport and Logistics Minister Aziz Rabbah and Portugal’s sea Minister Ana Paula Vitorina. Following the example of the successful […]
