UN-Secretary-General-António-Guterres

Relaxation of UN embargo on arms exports to Congo hailed as ‘injustice righted’

The United Nations Security Council has just adopted a resolution relaxing the embargo on arms exports to the Democratic Republic of Congo (DRC), a decision hailed by Kinshasa as an “injustice repaired”. The resolution removes language that previously required countries to inform the Security Council and its 15 members of any sale of arms or […]

Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]

EBRD Backs Morocco’s Water Security with €250 Mln Funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s water security with a €250 million loan to Office National de l’Electricité et de l’Eau Potable (ONEE). The financing will support Morocco investment program seeking to improve the efficiency, resilience and sustainability of water production infrastructure. Investments will focus on reducing water losses, rehabilitating […]