The main index at Casablanca’s stock exchange suffered on February 9 the steepest single-day plunge in its history amid a similar trend in international bourses due to Coronavirus fears. Investors rushed to sell shares causing a 5.82% drop in Masi, Casablanca’s main index, which lost 11.2% of its value since the beginning of 2020. The […]
Niger’s military-led government has nationalized the country’s only industrial gold mine, Société des Mines du Liptako (SML), accusing its Australian operator, McKinel Resources, of “serious breaches,” including failure to fulfill a $10 million investment pledge. The junta, in power since a 2023 coup, framed the move as a strategic step toward national resource control. “In […]
A recent report by the Mauritius Commercial Bank Group has highlighted the significant barriers posed by Africa’s inadequate transport and logistics infrastructure, which continue to hinder the region’s trade potential. Despite Africa’s growing economy, intra-Africa trade still accounts for a mere 16% of the continent’s total trade. The report, entitled ‘Harnessing Africa’s Trade Potential: Strategies […]
