Morocco’s first sugar refinery Cosumar confirmed that production in its new refinery in Yanbu, Saudi Arabia, will start by the end of 2019, as planned. The confirmation was made by the firm’s CEO Mohammed Fikrat in a statement to the media Tuesday, in Casablanca. The establishment of the new white sugar refinery, named Durrah sugar […]
A senior United Nations official has warned Wednesday that the ongoing war in Sudan is worsening South Sudan’s fragile economy and humanitarian conditions along their shared border. Guang Cong, the Deputy Special Representative of the Secretary-General to the UN Mission in South Sudan (UNMISS), told the UN Security Council that fighting between the Sudanese Armed […]
Fitch Ratings has lowered Kenya’s credit rating from “B” to “B-”, pointing to increased risks to the nation’s finances after the government retracted planned tax measures due to public protests. The Kenyan government, yielding to demonstrators, scrapped a tax proposal intended to generate an additional $2.7 billion in revenue, a move initially advised by the […]
