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Rains boost Morocco’s dam reserves after years of drought
Weeks of rainfall have slightly eased Morocco’s water crisis, adding more than 105 million cubic meters to dam reserves since mid-November, but overall storage remains at 31.5% only after years of drought. Official figures show national reservoir levels rose from 5.176 billion cubic meters on November 10 to 5.281 billion cubic meters by December 15, […]
Angola’s first successful IPO may pave way for privatization of conglomerates
In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]
Morocco: Tourism Earnings Reach $3.7 Bln in Five Months
Morocco’s inbound tourism revenues reached $3.7 billion during the first five months of this year, representing an 8 pc increase compared to the same period of last year. According to latest data released by the ministry of tourism, the number of overnight stays during the same period reached 11.8 million (+13%), while the number of […]



