London-based mining company Alterian has announced the discovery of “high-grade copper and silver” in its recently-acquired Azrar Project located in the western Anti-Atlas Mountains. Samples from the project site, formerly …
Markets
- BusinessMarketsMoroccoUncategorized
- BusinessMarketsMobile Telecommunications Network (MTN)South Africa
MTN South Africa revenue grow by 2.2% yearly and hit by Cell C rescue and load-shedding
MTN has published its quarterly trading update for the three months ended September 2022, revealing that service revenue grew by just 2.2% year-on-year in South Africa. For the third quarter of 2022 …
- BusinessEconomyEnergyMarketsMorocco
Morocco’s Trade Deficit expands to $50 Billion in the first nine months of 2022
Morocco’s trade deficit continues to climb to new heights amid the ongoing energy and grain price crisis. At the end of September 2022, the country’s trade deficit rose to MAD …
- BusinessManufacturingMarketsTechnology
Simba Corporation launches a Sh4.8 Million station wagon Car In Kenya
Simba Corporation has unveiled a Sh4.8 million station wagon car, targeting buyers seeking brand new vehicles. The PROTON X70, which comes with 1.5-liter engine, is a luxury sports utility vehicle …
- AmazonBusinessMarketsSouth AfricaTechnology
Amazon market value witnesses $1 trillion decrease for the first time since 2020
Amazon.com Inc. shares fell on Tuesday, with the e-commerce and cloud-computing company closing below $1 trillion in market value for the first time since the early days of the Covid-19 …
- Banking, Finance & InvestmentBusinessEconomyMarketsNigeria
EFCC raids Bureau de change operators in Abuja as Naira falls rapidly
Operatives of the economic and financial crimes commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. …
The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of …
Naira fell significantly against the U.S dollar at the unauthorized parallel market on Monday, extending the local unit devaluation to N800 at the close of business. This implies a 2.83 …
- EconomyEnergyMarketsMorocco
Electric Storage Maker EcoFlow announced extending it’s operations to Morocco
EcoFlow, a company specializing in electricity storage solutions announced it is extending its operations to Morocco. Commenting on the decision to enter Morocco’s market, EcoFlow said that Morocco has a …
Huawei has doubled uptake of 5G network as demand rises among local telcos. Huawei says 12-telecom operators in 10-markets have adopted the technology over the last 3-years. Demand for fifth …