King Mohammed VI of Morocco pardoned 889 people on the occasion of El Eid including over 180 people convicted on charges relating to the Rif protests. Eleven of the pardoned inmates were serving prison sentences in the Casablanca prison. The Rif protests erupted in late 2016 after a fishmonger died crushed in a trash compactor […]
The American rating agency Moody’s confirmed, during its periodic review in March, the Ba1 rating assigned to Morocco, with a stable outlook. This decision highlights the Kingdom’s ability to maintain its macroeconomic stability despite ongoing challenges, such as slowed economic growth and increasing public debt, writes the magazine Challenge. In its report, Moody’s emphasizes the […]
The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said. The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]
