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Hawala, One of Polisario’s Financing Channels

Belgian VM Steel, Moroccan K-3S & T companies set up joint entity

VM Steel, a Belgian stock-listed exporter of a wide range of steel products has launched, in partnership with Moroccan K-3S & T, a subsidiary, VM Steel Maroc, in Morocco from where it aims to conquer the African continent. The subsidiary is the first international branch of the Belgian steel giant which is thus gaining foothold […]

Djibouti launches first wind farm to increase domestic power output

Djibouti has inaugurated Red Sea Power, a wind farm project that will produce 60 MW electricity in a bid to reduce power shortage and increase domestic output by 50 per cent. President Ismail Omar Guelleh unveiled the project over the last week-end. Red Sea Power is located in Ghoubet, 120 km from capital Djibouti. The […]