EU Coronavirus Global Response

General Electric to build wind farm extension in Morocco

GE Renewable Energy has been picked up to supply 40 onshore wind turbines for the 200 MW Aftissat onshore wind farm extension in southern Morocco. The project is expected to be operational in 2023 and aims to support industrial companies under power purchase agreements, in line with Morocco’s goal to install 52 pc of renewable […]

Lebanon: Army enjoys “unconditional” political support, PM Hariri

Prime Minister Saad Hariri assured the Lebanese military of the government’s support after four Syrian nationals died while in their custody. The military have been under strong criticism but the Lebanese Prime Minister argued, “those criticizing the army are trying to create tensions between the military forces and Syrian refugees.” Military personnel raided the northeastern […]

S&P Downgrades Senegal’s Credit Rating from B- to CCC+ Amid Persistent Default Risks

Standard & Poor’s has downgraded again the credit rating of Senegal from B- to CCC+, deepening the country’s position in junk territory amid the $ 7 billion hidden debt scandal and the $ 747 million borrowed secretly by Dakar through Total Return Swaps (TRS) to keep up appearance and hide its alarming financial situation. The […]