Kenya plans nuclear plant to diversify energy sources

Kenya has allocated a coastal area to build its first nuclear plant, worth 3.9 billion dollars, in a bid to diversify its energy mix. The project is expected to generate 1000 MW, as part of a long-term strategy to reduce reliance on hydro-power and fossil fuel energy. Switch on is expected in 2034, despite rising […]

Morocco Renews Determination to Foster Cooperation with Africa

Morocco has renewed determination to foster cooperation and partnership with African countries and to help fulfill the aspirations of African peoples to development and stability. “Out of faithfulness to its African belonging, Morocco has sought since independence to promote a fruitful cooperation and active solidarity with those (African) countries, and to contribute to the fulfilment […]

Fitch Rates Morocco ‘BB+’ with a Stable Outlook

Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]