Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. “On the basis of all these considerations, the Board considered that the calibrated tightening of monetary policy, the regular monitoring of the transmission of […]
Italy and Tunisia are reviving plans for power interconnection between the two countries. The project has been under development by Italian transmission company Terna and Tunisian gas and electricity group STEG since 2003. The project was originally conceived to export power generated in Tunisia to Italy but is now based on an electricity exchange in […]
Brice Paillat, Gabon’s Transportation Minister, tendered on Thursday his resignation to President Ali Bongo Ondimba, few days after the sinking of a ferry off the capital coasts, killing 21 people. “The Deputy Minister of Transport will handle day-to-day business until a new minister is appointed,” state-run news agency AGP announced, adding that the Gabonese leader […]
