Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]
After years of recurrent power cuts, Namibia seems to have taken renewable energies seriously, turning to Chinese firms for help with the country’s largest solar plant. In this respect, a deal was signed by state-owned power utility Nampower and two Chinese firms – Jiangxi International Economic and Technical Cooperation Co. Ltd and Chint New Energy […]
Canadian mining company Aya Gold & Silver has launched lately the feasibility study for the expansion of the Moroccan Zgounder Silver Mine, near Ouarzazate. AYA says the expansion of its operations in the Moroccan mine will help the company increase its production targeting 2,000tpd. “The strong silver fundamentals as well as our planned drilling exploration […]
