Senegal’s new leadership faces challenges in delivering promised reforms

Six months into his presidency, Senegal’s Bassirou Diomaye Faye is finding it challenging to implement the radical reforms he promised during his campaign. Faye, who swept to power with a leftist, anti-establishment agenda, is facing resistance from a parliament still dominated by supporters of the previous administration. The new government, led by Faye and his […]

Gradual Dirham Float will not Lead to Devaluation- Central Bank

The launch of the gradual float of the Dirham to reach a flexible exchange rate regime will not lead to currency devaluation reassured Governor of Bank Al Maghrib, Abdellatif Jouahri. Speaking at a press conference in Rabat, Jouahri played down the speculations on risks of Dirham devaluation due to the currency float saying that the […]

Morocco: Australia’s Worley to launch FEED work on Tarfaya green ammonia project in Sept. 2024

Australian company Worley has announced that its Front-End Engineering Design (FEED) work on a green ammonia project in Morocco will be launched in the third quarter of 2024. In its annual report released Tuesday, Worley said the Tarfaya project, the world’s first Power-to-X green ammonia program, includes a transmission grid, hydrogen and ammonia plants and […]