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“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Spanish Businesses Wary About Fallout of Strained Relations between Madrid & Washington

The United States was preparing a major investment conference on Spain’s critical minerals but retracted after Madrid refused to support the American military operation against Iran, according press reports. Spain has refused to allow the U.S. to use the jointly run bases at Morón and Rotafor in the war against Iran, distancing itself from the […]

Sound Energy Starts Drilling Second Gas Well in Eastern Morocco

After making a significant gas discovery in Tendrara, North Eastern Morocco, Sound Energy has pressed on with its second well in the license area. Lying only 1.6 kilometers away from its first TE-6 gas well in Tendrara, Sound Energy announced that works have started on the second TE-7 well with aim of prospecting gas volumes, […]