Fitch Ratings has lowered Kenya’s credit rating from “B” to “B-”, pointing to increased risks to the nation’s finances after the government retracted planned tax measures due to public protests. The Kenyan government, yielding to demonstrators, scrapped a tax proposal intended to generate an additional $2.7 billion in revenue, a move initially advised by the […]
Morocco’s private investment fund Al Mada and China’s CNGR Advanced Materials said they will partner to build an electric vehicle battery plant in Jorf Lasfar worth 2 billion dollars. The two parties announced in a joint statement that construction will start this year for the plant that is planned to be operational in 2025. Local […]
Stephanie Williams, the U.N. Advisor on Libya, Thursday called on embattled ousted Prime Minister Abdul Hamid Dbeibeh to guarantee the payment of salaries to “all Libyan counterparts including soldiers of the self-imposed Libya National Army (LNA) of eastern Libya strongman Khalifa Haftar, Libya Update reports. “I highlighted the importance of maintaining calm on the ground, […]
