Caisse de compensation

World Bank approvres $350 million financing for Morocco’s water program

The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]

Oil prices edge higher amid Libyan supply concerns

Oil prices saw a modest rebound on Thursday August 29, recovering from two consecutive sessions of declines. This uptick was largely driven by renewed concerns about potential disruptions to Libyan oil supplies. Brent crude futures increased by nine cents, or 0.11%, reaching $78.74 per barrel. Similarly, U.S. West Texas Intermediate (WTI) crude futures climbed by […]

Rio Tinto inks rail and port deal to unlock Guinea’s Simandou iron ore project

Rio Tinto Group’s subsidiary in Guinea has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government to develop a railway and port, paving the way for work to resume on the world’s largest undeveloped iron ore project. The joint venture for the Simandou is a milestone for Rio and WCS, whose […]