Congo: Sassou Nguesso’s party wins Senators’ elections

Congolese Labor Party (PCT), the party of President Denis Sassou Nguessou, has won the majority of seats in the country’s Senate polls held on Sunday August 20. The party won 52 seats out of the 72 available in the upper house, according to the result put out by the Interior ministry Wednesday August 23. “This […]

Morocco’s OCP Turns On 125 MWh Battery Storage System in Benguerir

OCP Green Energy has switched on a large battery storage system at its mining site in Benguerir, capable of storing electricity for up to five hours to work alongside the site’s existing solar plant, supplying power when solar output drops and during peak-demand hours, 7News Morocco reports. The 25 MW/125 MWh lithium iron phosphate battery […]

Moroccan banks report record profit in 2024

Moroccan banking activity improved in 2024 with major banks reporting record profits totaling $2.3 billion, a 21.3% increase compared with the previous year. The net profit attributable to shareholders rose by nearly 20% to 19.2 billion dirhams ($2 bln). The growth was spurred by the recovery in banking activity, cost reduction, and contained risk cost. […]