Kanosak Capital Venture Corporation has announced that it has acquired 90 percent interest in ‘’la Société Mauritanienne d’Exploration’’ (“SEM”) from Wafa Mining and Petroleum S.A., a Mauritanian company. In exchange for the acquisition, Kanosak, a Canada-based capital pool company, issued 100,000 common shares and paid US$100,000 in cash. Additional contingent consideration of common shares and […]
Morocco and Mauritania are in talks to set up an internet cable interconnection building on the inroads of Moov Mauritel, a subsidiary of Morocco’s Maroc Telecom. Moroccan and Mauritanian media said the cable would be laid inland crossing the Sahara territory, offering Mauritania a second alternative besides the “African Coast to Europe (ACE)” cable. The […]
Moody’s Ratings has affirmed Morocco’s stable credit outlook at Ba1, saying the rating reflects Morocco’s institutional strengths and robust external position. “The stable outlook reflects our expectation that the government will pursue economic and social reforms to improve the economy’s resilience to shocks while keeping the debt burden stable,” Moody’s said. “We expect the government […]
