Standard & Poor’s has downgraded again the credit rating of Senegal from B- to CCC+, deepening the country’s position in junk territory amid the $ 7 billion hidden debt scandal and the $ 747 million borrowed secretly by Dakar through Total Return Swaps (TRS) to keep up appearance and hide its alarming financial situation. The […]
Namibia has announced its plan to join the OPEC “family” which comes at a time when the southern African nation gears up to potentially become the continent’s fourth-largest oil producer by the next decade. If exploitation of its giant offshore oil and gas discoveries goes as planned, Namibia could turn into a significant oil producer, […]
King Mohammed VI has condemned strongly the repeated heinous attacks perpetrated by terrorist Houthi militias against Saudi Arabia, reaffirmed support to the Gulf Kingdom, and pointed out that any aggression against Saudi Arabia is an aggression against Morocco. In two messages addressed to the Custodian of the Two Holy Mosques of Islam, King Salman bin […]
