Laayoune

Aya Gold & Silver Company raises $70 Mln for its projects in Morocco

Canadian company Aya Gold & Silver has raised $70 million for the development of its Moroccan Boumadine and Zgounder mining projects, near Ouarzazate. On Tuesday, Aya firm announced it has agreed to sell 8,485,000 common shares to Eight Capital and Desjardins Capital Markets, as joint bookrunners and co-lead underwriters, together with a syndicate of underwriters. […]

MEPs accuse EU executive of ‘bankrolling dictators’, claiming Tunisia’s president pocketed EU aid

Senior members of the European Parliament (MEPs) have accused the EU executive of “bankrolling dictators”, claiming that the €150 million it gave to Tunisia last year in a migration and development deal went straight to the country’s president, Kais Saied. The group of MEPs on the human rights, justice and foreign affairs committees at the […]

Africa Energy Bank set up to reduce dependence on foreign funding for oil & gas projects

The African Petroleum Producers’ Organization (APPO) is putting the finishing touches to establish the Africa Energy Bank (AEB) that will offer alternative funding source for oil and gas projects on the continent after international financing institutions have started scaling back their funding, citing stringent conditions and environmental concerns. Speaking at a recent Nigeria International Energy […]