Morocco sells $3 bln in triple-tranche bond

Morocco has successfully sold an international bond worth 3 billion dollars composed of three parts, the finance ministry said. The bond is divided into securities of 7 years, 12 and 30 years each worth 750 million dollars, 1 billion dollars and 1.25 billion dollars, the ministry said. The deal is the higher amount raised by […]

Libya: Qatar pledges security, economic support to GNA

Qatar Sunday vowed to provide security and economic support to UN-backed Government of National Accord (GNA), becoming therefore the second country after Turkey to pledge open support to the weak government. The Gulf country made the pledge Sunday during GNA leader Faiez Serraj’s visit to Doha. He met with Emir Tamim bin Hamad Al Thani […]

South Africa: 15% Eskom tariff hike could cut 150,000 mining jobs

The Minerals Council of South Africa on Thursday warned that the country could lose up to 150,000 jobs, if state-owned electricity supplier Eskom is granted permission to increase electricity tariff by 15%. Eskom has asked government for a 15% tariff increase over three years. The mining lobby group said the move would also hasten the […]