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Facebook in the crossfire: Kenyan govt rallies around US giant after watchdog’s ultimatum
Kenya has no intention of shutting down Facebook, a technology giant which is owned by its parent company Meta, its minister for information, communication and technology (ICT) said on Monday, August 1, after the national cohesion watchdog gave the platform seven days to comply with rules on hate speech or face suspension. The watchdog’s ultimatum […]
S&P upgrades Morocco’s rating to stable
S&P Global Ratings agency maintained Morocco’s ratings at BBB-/A-3 while upgrading its outlook from negative to stable. The stable outlook reflects expectation that fiscal consolidation will continue over the next few years, which will help stabilize debt. “We could raise the rating if budgetary consolidation prospects materially improve or the ongoing transition toward a more […]
Acwa Power to Build Major Wind Power Plant in Egypt in $2.3 Billion Deal
Acwa Power, the Saudi renewable energy giant, has announced tthis week hat plans are underway to build, own, and operate a 2-gigawatt (GW) wind power plant in South Hurghada, Egypt. This large-scale facility, which is expected to generate enough electricity to power nearly 2 million homes, is part of the company’s ongoing expansion into the […]



