Nigeria renewable energy

AfDB launches transaction guarantee to support SMEs, trade in Africa

The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]

Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

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 […]

Algeria should assume consequences of its support for separatism in Morocco

Moroccan Foreign Minister has uncovered the contradiction in the Algerian position regarding the Sahara issue, citing a hostile campaign by all state apparatus in Algeria in support of the Polisario while at the same time claiming to be an observing country. Algeria has once again demonstrated that it is the real party to the Sahara […]