Moroccan field hospital

Moroccan miner Managem lowers cobalt production due to plummeting prices

Managem, a Moroccan mining company, said it lowered cobalt production at its Bou Azzer mine due to falling prices, as it reports a drop in first quarter revenue. The company opted for “preserving resources” in this low prices context, it said in a statement, noting a 13% drop in first quarter revenue. Cobalt is a […]

Fitch Gives Morocco ‘BBB’ Rating

Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]

Burundi: stockbroker Jackon Simbananiye assassinated a week before presidential election

Burundi’s biggest stockbroker, Jackon Simbananiye, better known as Kirahwata, was assassinated less than a week before presidential elections. Jackon Simbananiye was abducted Wednesday evening as he was coming out of a sauna in Bujumbura and his body, still bearing marks and a rope around his neck, was found Thursday morning, May 14, lying in a […]