King Mohammed VI reasserts Morocco’s neighborliness in Maghreb

Since taking the reign in Morocco, King Mohammed VI, who visited Algeria, has adopted an outstretched hand policy towards Algeria with the aim of building a strong regional union in the Maghreb at a world where regional grouping and integration are more important than ever. In past speeches, reinvigorating the Maghreb Union made up of […]

Morgan Stanley downgrades Egypt’s sovereign credit rating to “dislike stance”

New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]

Cameroon kickstarts power interconnection project with Chad

Cameroonian authorities launched Tuesday November 21 Cameroon-Chad Interconnection Project, a bilateral high-voltage (HV) interconnection project between the two countries that involves 1.556 km of new transmission lines financed by the World Bank and the African Development Bank (AfDB) to the tune of $750 million. Gaston Eloundou Essomba, Cameroon’s minister of Energy launched the interconnection project […]