Hope For The Best: Argentines Wake Up In Default

The mood is defiant in the streets of Buenos Aires after Fitch Ratings and Moody’s Investors Service declared today Argentina in default on some bonds for the eighth time in its history.   This follows Standard & Poor’s Ratings’ Services cutting its credit rating on the the South American nation’s foreign-currency sovereign debt to “selective […]

Royal Air Maroc to Add Nine New Direct Routes in 2026 across Three Continents

Royal Air Maroc (RAM) said on Dec 15 it will launch nine new direct routes next year across Europe, Africa and the Americas, advancing its strategy to position Casablanca as a global hub and deepen Morocco’s international connectivity. RAM confirmed, in a statement, it will start Casablanca–Saint Petersburg in January 2026 and Casablanca–Los Angeles in […]

Morocco-based Themis to develop 550MW natural gas-fired power plant in Nigeria

Private Equity-backed Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. At a project cost of approximately $600 million, the plant is set to become one of the world’s lowest cost natural gas-fired […]