Morocco’s biggest mining company, Managem, bought Sound Energy Morocco East Limited as it seeks to diversify into gas, the company said. Managem acquired 55% of the Tendrara concession, 47.5% of the Grand Tendrara Permit and 47.5% of Anoual Exploration. The transaction would help Managem contribute to the development of gas production in the country with […]
Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular […]
Spain and Morocco are an “outstanding example” of how neighborhood, with its geographical and historical peculiarities, can be transformed into a strong and fruitful relationship between two friendly countries, which have succeeded in establishing mutual trust, said the head of the Spanish government, Pedro Sanchez. “Spain and Morocco are, today more than ever, two countries […]
