King Mohammed VI of Morocco has described the signing this Wednesday of the agreement setting up the African Continental Free Trade Area as a defining moment in history and a landmark event, which attests to African States’ shared determination to build an Africa for the future. In a speech to the Extraordinary Summit of the […]
UK company Emmerson has raised funds to sue Morocco at the International Centre for Settlement of Investment Disputes ICSID after failing to obtain an environmental license for its Potash mine in Khemisset. Morocco’s investment authorities have judged that the Emmerson issued an unfavorable opinion on the project’s environmental impact, due mainly to concerns about excessive […]
Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]
