algerian military parade 1987

Angola: new Cabinda oil refinery secures funding led by Gemcorp, AFC, Afreximbank

Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]

Football: Morocco’s 2030 World Cup Projects Advancing

Morocco is busy working to ensure the best ever FIFA World Cup final to be organized jointly with Spain and Portugal in 2030. The event, which unites two continents, Europe and Africa, in a divided world, sends a message of peace, tolerance and inclusion. In Morocco, the projects related to this global football tournament have […]

Morocco’s resistance to shocks reflects “strength of its economy & financial system” – IMF

Tobias Adrian, Director of Monetary and Capital Markets Department within the International Monetary Fund (IMF) emphasized the resilience of the Moroccan economy and its “impressive performance” in the aftermath of the earthquake that his central Morocco on September 8. The remarks were made during the presentation of the IMF global report on financial stability on […]