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SDX Confirms New Gas Discovery in North-Western Morocco

North Africa focused oil and gas company SDX Energy Inc announced that a gas discovery has been made at its SAH-2 well on the Sebou onshore permit in North-Western Morocco near the Atlantic city of Kenitra. The SAH-2 well was drilled to a total depth of 1,304 meters and encountered 5.2 meters of net conventional […]

Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade

The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]

Morocco exempts military industry operators from corporate tax

In a latest measure to spur the defense industry, the Moroccan government adopted a decree exempting investors from corporate tax. The tax break will benefit manufacturers of defense equipment, weapons, and ammunition, the spokesman for the government said following a cabinet meeting. In June, the government approved a bill to set up two industrial acceleration […]