The UK government has declined to enter formal negotiations for a long-term green electricity purchase agreement with Xlinks, the company behind a proposed £20 billion subsea power cable linking Morocco to the UK. The decision, confirmed earlier this month, effectively rules out a 25-year Contract for Difference (CfD) that Xlinks had sought to secure financing […]
Morocco’s flag carrier, Royale Air Maroc (RAM), saw its profits more than double in 2016 to stand at 520 million dirhams (52 million dollars) compared to 203 million dirhams last year. This performance is largely ascribed to non-current financial assets which contributed by 129 in the company’s overall profits, local e-journal le360 said quoting a […]
Malian President Ibrahim Boubacar Keita has appointed ex-Finance Minister Boubou Cisse as the new prime minister of the West African nation. Last week, Prime Minister Soumeylou Boubeye Maiga and his cabinet resigned following criticism over the handling of an upsurge of violence in the center of the country and in particular the massacre of Ogossagou […]
