Libyan National Army

Algeria struggles to keep up economically with Morocco in Sahel

Algeria is trying to catch up economically with Morocco in the Sahel. But observers see that Algerian diplomatic blunders are discouraging Sahel countries from engaging with Algiers. A new chapter of Algeria’s economic warfare was opened when Morocco had offered its ports and infrastructure to give landlocked Sahel countries access to the Atlantic and global […]

Morocco to make two bond sales in 2020 and 2021

Morocco will launch two international bonds in 2020 and 2021 to lift its foreign exchange reserves and help the economy offset the fall in foreign currency in flow due to the coronavirus impact, governor of Morocco’s central bank Abdellatif Jouahri said He said Morocco should tap into the bond market as long as conditions are […]

CIMAF gets €161.5m loan from IFC, EAIF & Proparco to expand operation in Mali, Senegal & Ghana

Ciments de l’Afrique (CIMAF) a subsidiary of Morocco-based Omnium des Industries et de la Promotion (OIP) has landed a €161.5-million loan from the International Financial Corporation (IFC), French-government-owned Proparco, and Emerging Africa Infrastructure Fund (EAIF) earmarked to increase capacities of its grinding plants in Mali, Ghana, and to launch a state-of-the-art integrated cement plant in […]