SDX Energy Finds Gas in Morocco’s Northwest

Fitch Ratings underscores Morocco’s macroeconomic stability, external liquidity buffers

Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]

Sudan: Kordofan University Campus Damaged in Alleged RSF Drone Strike

University of Kordofan has reported extensive damage to its central campus in El-Obeid after drones it attributed to the paramilitary Rapid Support Forces (RSF) struck the facility on Monday, February 23. In a statement, the University’s media office said the attack targeted several buildings within the main Campus complex in El-Obeid, the capital of North […]

Cairo awaits the remainder of its loan

Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]