Cash10

Morocco’s Energy Bill Down 30% by July

Morocco’s oil and gas imports stood at 29.394 billion dirhams by July 2016 compared to 41.947 billion dirhams the same period last year, which is a significant 30% drop, Morocco’s exchange office said in its latest statistics. Yet, despite the drop in oil prices, Morocco’s commercial deficit deepened 7.5% as imports continue to exceed exports. […]

AFRICOM, Morocco Conduct Military Drills in Agadir

U.S. Africa Command, AFRICOM, together with the Moroccan Armed Forces (FAR) and members of armies from sub-Saharan African countries are currently conducting military exercises focusing on performance in mined terrains in Agadir, local press reported. According to a senior official from FAR, the military drills aim notably at enhancing performance in terms of field command, […]

Greening Africa: Kanga seeks to raise $500m capital for its potash project in Congo

Kanga Potash, a world class, low-cost potash project developer, is seeking to raise about $500m for the first phase of its potash development project north of Pointe Noire in the Republic of Congo. According to the company’s executive chairman Stéphane Rigny, about 60% of the amount will be debt and 40% equity, including some mezzanine […]