ASMEX

Kenya backtracks on airport procurement deal with India’s Adani

Kenya has backpedaled on a $2 billion deal under which it was expected to hand over Nairobi’s airport to India’s Adani Group. The deal was canceled after India’s richest man, Adani, was indicted in the US for fraud for allegedly orchestrating a $250m bribery scheme and concealing it to raise money in the US. “I […]

Morocco’s Strategic Investment Fund to give priority to productive activities

The $4.8 billion strategic investment fund, set up part of a stimulus package of 120 billion dirhams ($12.8 bln) to help the economy recover from the coronavirus impact, will give priority to productive activities and back up the financing of major investment projects, said, on Tuesday in Rabat, Minister of Economy & finance Mohamed Benchaâboun. […]

Morocco’s carrier suspends Casablanca-N’Djamena-Nairobi route to focus on profitable itinerary

Morocco’s national flagship carrier Royal Air Maroc (RAM) has suspended its activities on the Casablanca-N’Djamena-Nairobi route with the airline saying it took the decision to re-position itself on markets that are more profitable.   The suspension became effective on March 2. However, RAM head in Kenya, Othman Baba, told HuffPost Maroc that the decision is […]