The Arab Fund for Economic and Social Development (AFESD) has extended Morocco two loans totaling 72 million Kuwaiti dinars (about 2.27 bln MAD) to help finance two projects. The loans will finance the rehabilitation of the Mohammed V dam in eastern Morocco, and the construction of the Laayoune expressway bypass in the South. The first […]
Morocco’s mining leader Managem said it has produced a first gold bar at its Tri-K mine in Guinea, where it started gold production on June 23. Managem expects to produce 130,000 ounces of gold annually. The company has announced earlier this year that it will start production at the mine where reserves exceed 1.56 million […]
The Libyan National Army (LNA), controlled by east-based warlord Khalifa Haftar, has announced taking back Libya’s two main oil ports after overcoming rival forces that lost control over the ports in September 2016. LNA spokesperson Ahmed al-Mismari Thursday said Ras Lanuf and Es Sider had been secured following days of battle with rival forces who […]
