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Emmerson raises $46.75 Mln for development of potash project in Morocco

Emmerson mining company announced this Wednesday it secured an investment of $46.75 million from a group of investors for the development of the Khemisset Potash Project in Morocco. The primary investor is Global Sustainable Minerals Pte Ltd, based in Singapore and backed by a significant south-east Asian investor. “A major investment, at a premium to […]

Tunisia: 12-member terror cell ‘preparing attacks’ dismantled in Zaghouan

Tunisian counterterrorism security forces arrested Tuesday October 24 in Zaghouan governorate 12 men forming a terror cell allegedly preparing terror attacks in the North African country. The home security directorate said in a statement that the men, Salafists from El Fahs, who have been under surveillance, used to meet repeatedly and secretly. The cell members […]

Fitch Affirms Morocco at BBB- Rating & Revises Outlook to Negative

Fitch Ratings has affirmed Morocco at ‘BBB-‘ rating and revised the Outlook on country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative. The global rating agency explained the negative outlook by the impact of the coronavirus pandemic on the Moroccan economy which will experience the sharpest GDP contraction in 25 years, besides a marked increase […]