BCIJ dismantles terror cell

King Mohammed VI makes a $100 million donation to special relief fund for quake victims

King Mohammed VI, part of his strong, personal response to the earthquake that struck Morocco on September 08, has made a financial contribution of MAD 1 billion ($100 million) to the special relief fund for the tremor victims, through Al Mada holding, in which the Sovereign is the main shareholder. At the recommendation of its […]

Gabon launches rail modernization project worth $600 mln

Gabonese authorities said the modernization of its sole railway spanning 650 kilometers would amount to 600 million dollars. A deal was signed with rail operator Setrag to upgrade the railway connecting Port of Owendo to Franceville, local media reported. The government shall contribute with 220 million dollars with the remaining sum to be offered by […]

African Nations launch alternative credit rating agency to challenge global giants

Africa is set to establish its own credit rating agency by June 2025, marking a significant shift in how the continent’s economies are evaluated. The Africa Credit Rating Agency (AfCRA) aims to provide more nuanced sovereign ratings by incorporating local contexts often overlooked by traditional agencies like Moody’s, Fitch, and Standard & Poor’s. This initiative […]