A consortium led by Saudi’s company ACWA Power International has won a $1 billion contract to build a 160-megawatt solar plant in Southern Morocco. The plant, to be built near city of Ouarzazate, is the first phase of a 500-megawatt ambitious project, first of its kind in Northern Africa. The Saudi-led consortium includes Spanish firm […]
Tunisian President Kais Saied fired Tuesday his Foreign Minister Othmane Jerandi and replaced him by the country’s current ambassador to Belgium, his office has announced. The office in a statement said Nabil Ammar has been appointed to take over the department from Jerandi. The statement did not provide details on the rationale behind the move, […]
Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]
