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Coup contagion fears threaten new investment, ratchet up interest rates in Africa — experts

The apparent coup trend in Africa, creating a belt of countries that now stretches from the Atlantic Ocean to the Indian Ocean, is adding to other major concerns deterring many investors from the continent — a wave of debt crises, tense geopolitics, and an extreme vulnerability to climate change. There have been nine coups in […]

US-Moroccan close security cooperation, facet of enduring relationship- State Department

The US and Morocco have stepped up their defense cooperation as part of enduring bilateral ties, The US State Department said.   After describing Morocco as “vital” partner on a wide range of regional security issues, with a shared goal of a stable, secure, and prosperous Middle East and North Africa, the State Department said […]

Libya boosts electricity capacity

A deal worth €250 million has concluded between Alstom SA and General Electricity Company of Libya (GECOL) to boost Libya’s energy and power supply capacity. The French based company which focuses on the manufacturing of power equipment and trains will be supplying the Libyan general electricity company with equipments for 11 gas turbines. These new […]