Morocco’s phosphates company saw its revenues grow by 15% in the first half of the year to 26,599 million dirhams ($2.86 billion). Revenues increased from 23,152 million dirhams last year as the company continues to invest in Africa where it plans the setting up of fertilizer plants in Ethiopia and Nigeria. “This sales growth was […]
Standard & Poor’s has downgraded again the credit rating of Senegal from B- to CCC+, deepening the country’s position in junk territory amid the $ 7 billion hidden debt scandal and the $ 747 million borrowed secretly by Dakar through Total Return Swaps (TRS) to keep up appearance and hide its alarming financial situation. The […]
Morocco’s flag carrier, Royal Air Maroc, said that it maintains its five weekly flights to Doha although it cancelled flights transiting through Doha Airport to Saudi Arabia, the UAE, Bahrain and Egypt. The announcement was made on the backdrop of an unfolding crisis after several Arab countries, including Saudi Arabia, the UAE and Egypt cut […]
