drilling off larache

Egypt: Hassan Abdallah appointed as acting governor of central bank

Egypt’s President Abdelfattah al-Sisi has named Hassan Abdallah as acting governor of the central bank of the country after the former chief resigned Wednesday. Abdallah until the appointment Thursday was Chairman of the Board of Members of the United Media Services Group (UMS). The 62-year old man replaces Tarek Amer who resigned Wednesday but was […]

Cameroon seals 30 mining sites after scores of miners, incl. children, died

Cameroon has sealed at least 30 gold mines, including some owned by Chinese companies, after more than 33 young miners died in landslides this month and scores more were declared missing. On Monday (22 August), the local government deployed several hundred troops to seal at least 30 gold mines in Kambele, a village in Batouri […]

Morocco’s new 2020 budget puts social services at core of priorities – Minister

The coronavirus outbreak has caused a surge in spending and a drop in revenues for state coffers pushing the government to review the targets and spending schemes under the 2020 budget while maintaining priority for social spending. The administration has adopted austerity measures to reduce unnecessary spending saving some $200 million that was scheduled for […]