grounded plane

Libya: Central Bank takes loan, budget not voted

Spokesman Omar Hmeidan of the General National Congress has said that Libya will be taking a 2,55 billion Libyan dinar emergency loan to finance the functioning  of the government after lack of income.  Libya’s main source of income is oil and gas but the rebels have laid siege on several oil ports and fields thereby […]

China sends Morocco medical aid to fight coronavirus

An airplane loaded with Chinese medical supplies landed in Morocco on Monday to help the North African country avert a coronavirus outbreak. RAM showed on its social media platforms the airplane, which came after talks between Morocco’s Foreign Minister and his Chinese counterpart. “China expresses its solidarity with the peoples and countries hit by the […]

Morocco’s Managem to raise capital to finance expansion plans

Morocco’s biggest mining company Managem plans to raise 3 billion dirhams (300 million dollars) to finance its expansion plans in Morocco and Africa. The company said the capital increase will take place between March 14 and April 2 as it braces to start production at a gold project in West Africa known as Tri-K, with […]