Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]

Mozambique greenlights resumption of $20bn Cabo Delgado LNG project

Italian oil and gas major Eni started drilling new exploration well off the coast of Mozambique, while the country’s authorities have green-lighted the resumption of the $20 billion Cabo Delgado gas project, in which TotalEnergies owns an operating stake of 26.5%, The Italian oil and gas giant Eni is drilling its first exploration well in […]

Gabon: President Bongo returns home after medical sojourn in Morocco

Gabon’s President Ali Bongo has landed home Sunday evening coming from Morocco where has been receiving medical treatment after he suffered a stroke while attending an investment summit in Saudi Arabia in October last year. This is the second comeback of the 59-year old President. The Gabonese leader spent less than 24 hours in Libreville […]