RAM plane

Powering rural communities: Uganda secures $200 million from China

The Rural Electrification Agency (REA) of Uganda has invited sealed bids for construction and completion of the 11kV/33kV lines and associated low voltage networks for grid intensification in the East African nation. The development comes after Parliament okayed government to borrow $200 million from the Exim Bank of China to finance the power distribution project […]

Combatting Tax Evasion: Switzerland set to include Morocco in its list of partner countries

The Swiss Federal Council is planning to add Morocco to its new list of partner countries in the fight against illicit financial flows and cross-border tax evasion. After approval of the competent authorities, entry into force of the automatic exchange of information on financial accounts (AEOI) is due in 2023. Ecuador, Georgia, Jamaica, Jordan, Kenya, […]

Morocco offers subordinated debt to encourage private investors

Morocco’s Mohammed VI Investment Fund and Moroccan banks (GPBM) signed a deal to allow private investors access to subordinated debt. The fund said it will allocate 4 billion dirhams to this financing mechanism that will be available starting from April. The new launched subordinated debt targets enterprises with a capitalization of 5 to 500 million […]