Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]
The German development agency, Kreditanstalt für Wiederaufbau (KfW), has signed an agreement with Zambia related to the rehabilitation and extension of a hydroelectric power plant. The agreement reached between the Zambia Electricity Supply Corporation (Zesco) and KfW involves a $46 million loan for the rehabilitation and expansion of the Chishimba hydroelectric power plant in Kasama […]
Morocco won the U-17 Africa Cup of Nations title after a dramatic penalty shootout victory over Mali (4-0), champions in 2015 and 2017. The regular time ended with a goalless draw in regular time, after the Malians had a goal disallowed due to a handball. This marks Morocco’s first-ever title in the U17 AFCON category. […]
