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Nexans Maroc to Set up 2.5 MW Photovoltaic Rooftop at its Mohammedia Plant

Nexans Maroc and ENGIE Services Maroc recently signed a 15-year contract for the design, construction, supply, upkeep and maintenance of a photovoltaic rooftop plant with a 2.5 MW installed capacity. This output of the installation, to cover an area of 13,000 m2, will supply nearly 22% of Nexans plant’s annual electricity needs and avoid the […]

Rwanda: Plan to hold presidential, parliamentary polls simultaneously

Rwanda plans to amend its constitution to allow for presidential and parliamentary elections to be held at the same time. A statement said the cabinet approved at last week’s meeting a proposal by President Paul Kagame to amend the country’s constitution to allow “harmonization of parliamentary and presidential elections calendars”. Authorities however did not provide […]

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]