m6-conde

Morocco Foils Smuggling Attempt of 2.6 Tons of Cannabis

Moroccan police of the city of Fez intercepted on Wednesday 2.6 tons of cannabis packed aboard a Morocco-registered truck.   The 35-year old driver was arrested with the illicit cargo at a local gas station. A probe is underway to determine the possible links between this smuggling operation and international drug-trafficking networks.   This drug-busting […]

Côte d’Ivoire: ENI discovers new offshore oil and gas deposits, expanding reserves by 25%

Côte d’Ivoire, which aspires to become a “major” oil producer by 2023, has announced a new discovery of oil and natural gas by Italian hydrocarbon giant ENI, thus effectively expanding its potential reserves found last year by 25%. In September 2021, ENI announced a „major discovery” of offshore oil and gas resources in Ivory Coast, […]

Morocco says 1 billion Euro bond sale was ‘successful’

Morocco issued on Thursday an international bond worth 1 billion Euros, the finance ministry said, noting the success of the sovereign notes sales as demand hit €5.3 billion. The bond has a maturity of 12 years and an interest rate of 1.5% as Morocco tapped the international market at a very propitious time benefiting for […]