Algerian Electricity and Gas Regulatory Commission (CREG) has revealed that fraud on energy installations, unlawful connections to the power grid in particular, caused the loss of 11 billion Algerian dinars ($92,500,731) to the Electricity and Gas Distribution Company (SDC) in 2018. According to the commission’s figures, 2,430.5 MWh of electricity were trafficked over the past […]
After nearly five years in detention in South Africa, former Mozambican Finance Minister Manuel Chang was finally extradited to the US on Wednesday (12 July) where he was arraigned in a court in New York on Thursday (13 July) to face a fraud and corruption trial over a $2 billion scandal involving fraudulent government loans. […]
Shanghai Auto Parts said it plans to set up a production plant in Morocco, which boasts an expanding automotive sector that is adapting to the needs of the electric vehicle industry. The plant would cost some 130 million dollars or 1.3 billion dirhams, the company said in a statement. The plant, to be called Shanghai […]
