Tanger MED 2

Africa’s economic growth to outpace global average in 2024 — Afreximbank report

The economic growth across Africa is projected to exceed global average this year, according to a new report published by the Afreximbank, despite several downside risks, including increasing levels of sovereign debt, associated sustainability risks, and excessive exposure to adverse terms-of-trade shocks. The report entitled ‘A Resilient Africa: Delivering Growth in a Turbulent World’, the […]

Morocco conditions inter-governmental deal for Sila Atlantik German Power-link

Morocco is moving forward on electricity interconnection projects with Spain, Portugal and France, while holding firm on terms in separate talks with Sila Atlantik which advocates a $30 billion subsea cable to export renewable energy to Germany. The Sila Atlantik project, a proposed 4,800-kilometer subsea cable that would carry up to 15 gigawatts of Moroccan […]

North African countries shun western sanctions on Russian oil products – WSJ

Russia has found alternative markets to the European space as North African countries now line up for purchases of the Russian oil products despite western sanctions, Wall Street Journal (WSJ) has revealed. The US media outlet in a report notes that Morocco, Algeria, Egypt and Tunisia have stepped forward to become voracious buyers of its […]