Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’s Special Drawing Rights. The sum is to be unlocked by the IMF this August 23 after a historic approval by the IMF Board of Governors to allocate Special […]
Mauritania Pelagic, the largest holding company specializing in production and processing of fish, has sold 23 pc of its shares to international Investments Fund “Hermes-Sojitz” for €20 million. The money derived from the deal will be used for the construction of a modern fishing trawler equipped with 500 tons refrigerated sea water (RSW) tanks. Installing […]
Libya Thursday announced the creation of a fund worth around $335 million for the reconstruction of Benghazi and Derna, two cities ravaged by years of internal conflicts. A statement by the Government of National Unity (GNU), indicated that the fund will be housed in Benghazi, the country’s second city, and is created to reconstruct the […]
