We speak to oil and gas expert Malcom Graham Wood about Sound Energy PLC after the explorer estimated the potential for up to 31 trillion cubic feet of gas in Western Morocco.
The analyst discusses this week’s resource estimates, Sound Energy’s success to date in Morocco, and the exciting, upcoming TE-8 well.
Glass on web
Construction, one of Morocco’s most dynamic and strategic sectors employing 1 million people, is soon to receive a powerful boost. From April 25 to 27 at the Parc Des Expostions de l’Office des Changes, Moroccan construction professionals will be able to delve into key industry influencing trends and discover the latest solutions for the built environment at the world-renowned The Big 5 show, which finally opens in Casablanca. (more…)
by Aziz El Yaakoubi
Morocco is considering tapping international debt markets in 2017 through around $1 billion of bond issues, a senior official in the finance ministry said.
The North African kingdom needs around $3 billion in financing this year to plug a budget deficit expected to reach 3 percent of gross domestic product. It plans its first ever Islamic bond in the domestic market in the first half of 2017. (more…)
The North Africa Post
Nigeria will receive in the few coming days the first shipment of Moroccan fertilizers following the deal sealed lately during King Mohammed VI’s visit to this African country.
According to press reports, the first shipload is made of Nitrogen, Phosphorus and Potassium (NPK) fertilizers. It will enable the Nigerian government to alleviate farmers’ burden as the commodity will be sold at N5,000, which is half the current price. (more…)
The North Africa Post
The Economist magazine described Morocco as a “budding success” in the region, thanks to the political and economic reforms it has taken on the backdrop of the Arab Spring.
“Morocco rode out the Arab spring better than most countries in the region. Big protests led to constitutional reforms and a relatively free and fair election in 2011, won by the PJD. The economy shows promise and the King pushes a mild (more…)
by William Clarke
Morroco’s record wheat imports will be even bigger than previously thought, US officials said, responding to recent tender activity.
The US Department of Agriculture’s Rabat bureau lifted its forecast of 2016-17 wheat imports by 500,000 tonnes, to 5.5m tonnes.
“This change is based on increasing import demand as a result of tightening stocks and the results of the most recent tender,” the bureau said. (more…)
The Ghana Stock Exchange has initiated moves to sign a Memorandum of Understanding (MoU) with the Casablanca Stock Exchange to ensure traders on both exchange get access to each other’s market.
The MoU will also allow the sharing of information and communication and the exchange of updates on rules and regulations between the two markets. (more…)
By: Yaba Yara
The long standing mutual cooperation between the Tijajiyya Musllim Council of Ghana and the Embassy of the Kingdom of Morocco was reenergised on Tuesday. This was made possible when the Spiritual Leader of the council led delegation to pay a courtesy call on the ambassador.
Sheikh Abul- Faidi Abdulai Ahmad Maikano expresses his gratitude to the ambassador for having time out of his busy schedule to interact with his delegation. (more…)