Morocco Displays its Huge Untapped Potentials in Oil & Gas

Morocco’s huge potentials in oil & gas and the business opportunities offered in the sector are currently showcased at the second Morocco Oil & Gas Summit convened in Marrakech Feb.-6-7. Organized by the Moroccan National Office of Hydrocarbons and Mines (ONHYM), the event is bringing together potential and existing investors, including SDX Energy, Chariot Oil […]

Kenya seeks $1.5 bln loan from the UAE, agencies

Kenya is seeking a financing of $1.5 billion from the UAE to bolster its public finances, Reuters and Bloomberg reported, citing sources. Kenya has sought to curb its widening fiscal deficit and growing debt servicing by tax hikes which triggered the most violent protests in the country’s history. A delay in reaching a financing deal […]

Kenya demands renegotiation of $5bn borrowed from China

Kenya wants to renegotiate a multibillion-dollar loan from China that was used to build a major railway because though the country is up to date on its payments, it cannot continue with the current 20-year schedule. Answering questions from a parliamentary committee, Kenya’s incoming transport minister, Kipchumba Murkomen, said the country will have to ask […]