Kanga Potash, a world class, low-cost potash project developer, is seeking to raise about $500m for the first phase of its potash development project north of Pointe Noire in the Republic of Congo. According to the company’s executive chairman Stéphane Rigny, about 60% of the amount will be debt and 40% equity, including some mezzanine […]
King Mohammed VI and Nigeria’s President Muhammadu Buhari presided in Abuja over the signing ceremony of a partnership to build a fertilizers plant in Nigeria. King Mohammed VI who is in Abuja on an official visit as part of an African tour gives substance through establishing win-win partnerships with African countries and putting Morocco’s expertise […]
One-half of the world’s 75 poorest countries — more than half of whom are in Sub-Saharan Africa — are facing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, according to a new report released by the World Bank. The report unveiled this week […]
