ancient books

Managem launches gold production at Boto Mine in Senegal

Moroccan mining group Managem said it has officially commenced gold production at its Boto mine in southeastern Senegal, in an investment that totalled 350 million euros. Located in the Kédougou region, the Boto mine is expected to produce an average of 160,000 ounces of gold annually over its first three years, with total reserves estimated […]

Egypt: Central Bank blocks transactions with African and Arab banks

There are reports that Egyptian banks have been ordered by the Central Bank to refrain from doing business with some banks in African and Arab countries amongst which are Qatar, Libya, Syria and Sudan. The central bank’s decision is aimed at reducing the scale of money laundering in compliance with the anti-money laundering laws. Several […]

Coronavirus: Thousands of homeless people offered shelter to avoid their contamination

Moroccan authorities have provided emergency shelters to 6,324 homeless people to protect them against the coronavirus pandemic, which has so far infected over 5500 people in the country and killed 183, while 2124 others survived the deadly virus. In a videoconference speech marking the 63rd anniversary of the national mutual aid agency, l’Entraide Nationale, the […]