African Union

Morocco continues to struggle with coronavirus hotspots in industrial plants

Hotspots continue to complicate Morocco’s efforts to contain the spread of the coronavirus with 393 cases on Saturday, most of which at a Sardine canning factory in the coastal city of Safi. After the strawberry fields and packaging plants north of Kenitra, a new cluster in Safi’s fish canning factories recorded 203 in a single […]

Greening Africa: Kanga seeks to raise $500m capital for its potash project in Congo

Kanga Potash, a world class, low-cost potash project developer, is seeking to raise about $500m for the first phase of its potash development project north of Pointe Noire in the Republic of Congo. According to the company’s executive chairman Stéphane Rigny, about 60% of the amount will be debt and 40% equity, including some mezzanine […]

Positive Outlook for Casablanca Finance City

Chairman of Casablanca Finance City Authority (CFCA), Said Ibrahimi, sees positive prospects in the horizons as CFC strengthens its position as Africa’s leading financial hub. Speaking at press conference Ibrahimi said that members of Casablanca Finance City (CFC) have so far contributed 75% of the overall investments carried out by Morocco in Africa. He said […]