The initial public offering (IPO) of Vicenne, a leading Moroccan medical equipment company, broke a new record on the Casablanca Stock Exchange with an IPO that was oversubscribed 64 times. The offering attracted over 32 billion dirhams in demand by investors for shares worth just 500 million dirhams, resulting in an unprecedented oversubscription. Vicenne offered […]
Morocco’s water reserves jumped sharply to 41.5% in the first days of 2026, buoyed by heavy rainfall, official data showed. The combined storage at the country’s main dams rose from 6.58 billion cubic meters on Dec. 31 to 7.12 billion cubic meters on Jan. 5, an increase of 540 million cubic meters in just five […]
South African state power utility Eskom said on Monday that it would implement controlled power cuts for a second day in a row because of a shortage of generating capacity in the southern African nation. The state power utility said it would cut 2,000 megawatts from the national grid from 07:00 GMT, likely until 20:00 […]
