Shell’s write-down of Namibia’s offshore oil discovery ‘merely speed bump, not road block’

In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]

Morocco Conducts Military Drills on Borders with Algeria

Morocco has sent a clear message to the Polisario and its mentor Algeria with a massive military drills simulating a deployment beyond the Morocco-built security wall in the Sahara territory. The annual drills, dubbed “Tafilalet 2018”, were a test to the inter-operability of the Moroccan armed forces with the participation of land and air armies […]

Morocco’s Central Bank lowers key rate to 2.5 %; expects growth to rebound to 3.9 in 2025 & 2026

Morocco’s Central Bank has decided to reduce key rate by 25 basis points to 2.50 percent as inflation continues to evolve at low levels and is expected to end the year with an average of 1% compared to 6.1% in 2023. The decision was made by the Board of the Bank during its latest quarterly […]