albaraka fondation

Morocco: Chariot & Vivo Energy agree on terms of gas commercialization

Chariot energy Company has signed an agreement with Vivo Energy Maroc firm on future natural gas offtake from the Loukos Onshore license in which the British company holds 75% stake, while Moroccan National Office of Hydrocarbons and Mines (ONHYM) has 25 %. In a press release issued Monday, Chariot said the aim of the agreement […]

Post-confinement: Morocco to promote public investments, domestic consumption

Morocco’s economy has been hit hard by the coronavirus outbreak but plans have been set up to relaunch the economic activity through promoting state investments and fostering domestic consumption, Finance Minister Mohamed Benchaaboun said. The government is preparing conditions to relaunch the economy after the lockdown affected most sectors notably exporting businesses, Benchaaboun told MPs […]

Sierra Leone hands down harsh sentences to soldiers involved in failed coup

A military court in Sierra Leone has delivered severe punishments to 24 soldiers for their involvement in last year’s attempted coup against President Julius Maada Bio. Following an eight-month trial, the soldiers received lengthy prison terms, with some facing up to 120 years behind bars. The foiled coup, which occurred in November, involved an attack […]