morocco-FDIs-Africa

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 […]

Sonatrach financial hurdles, Algeria’s economic agony

Economists have long warned the Algerian regime of an impending Venezuelan scenario as the country put off reforms leaving the economy dependent since independence on oil and gas sales of its state-owned company Sonatrach. The company, which aspired to be among the top 5 global oil and gas companies globally in 2030, hit the cliff […]

Libya: ISIS eyeing Sirte as new global base, U.N report

A U.N monitoring group released a report on the situation in Libya warning that the Islamic State of Iraq and Syria (ISIS) is focusing its attention on the North African country with its base in Sirte. The report stated that militants in Sirte are much more controlled by Abu Bakr al-Baghdadi, ISIS leader, and slogans […]