malawi

S&P Expects Morocco’s Economy to Grow By 4.1% in 2020-2021

The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]

France-Africa: Société Générale pulls out of four African countries

Paris-based multinational financial services company, Société Générale, also known as SocGen, has withdrawn from four African countries, namely Chad, Congo, Equatorial Guinea, and Mauritania. The company announced this Thursday that it has signed agreements with two pan-African banking groups for the sale of its subsidiaries in the four African countries. The company has not disclosed […]

Equatorial Guinea eyes economic diversification

Equatorial Guinea’s Minister of Mines and Hydrocarbons Gran Canaria on Thursday emphasized his country’s commitment to using its energy resources to diversify the economy. Equatorial Guinea is among the largest oil producers in Africa, with an output of 280,000 bopd. Speaking at the III Oil & Gas Meeting Day, Mr. Canaria gave details on multiple […]