Japanese Sumitomo Electric Industries

US Chevron to make Morocco its lubricants export hub to Africa

US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]

Burundi: stockbroker Jackon Simbananiye assassinated a week before presidential election

Burundi’s biggest stockbroker, Jackon Simbananiye, better known as Kirahwata, was assassinated less than a week before presidential elections. Jackon Simbananiye was abducted Wednesday evening as he was coming out of a sauna in Bujumbura and his body, still bearing marks and a rope around his neck, was found Thursday morning, May 14, lying in a […]

Mauritania looks to Morocco to accelerate economic development

Mauritania and Morocco have stepped up their economic ties, signing cooperation deals in fields ranging from the stock market to electric interconnections and airlines. Economic cooperation between the two neighbors stepped up after a meeting between King Mohammed VI and Mauritania’s president Mohamed Ould Ghazouani in Casablanca in December 2024. During the meeting, the Mauritanian […]