Business & Economy Bound

Morocco to pour $3 billion on high-speed trains ahead of World Cup 2030

Morocco is rapidly expanding its railway infrastructure ahead of co-hosting the 2030 FIFA World Cup with Spain and Portugal, securing nearly $3 billion in financing for 168 new trains. Foreign companies from France, Spain and South Korea are lined up to deliver and install the trains.

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Algeria Opens First of Five Seawater Desalination Plants to Combat Water Shortages

Algeria has inaugurated the first of five planned seawater desalination plants in Cap-Blanc, Oran, as part of an emergency initiative to address severe water stress and the future impacts of climate change.

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Sahel: Mali and Canadian mining firm Barrick are talking again

Mali’s junta and Canadian gold mining firm Barrick Gold went back to the negotiating table to find a compromise in their ongoing feud.  The two spent months fighting over the Loulo-Gounkoto gold mine, where the Malian authorities recently seized nearly three tons of gold to pressure the Canadian company.

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French energy firm TotalEnergies Exits Mali, Sells Operations to Bénin Petro-Backed Firm

TotalEnergies has exited Mali, finalizing the sale of its operations to Coly Energy Mali, backed by Bénin Petro. While no official explanation was provided, it is likely that tensions with Mali’s ruling junta may have played a role. Sources say that persistent tax pressures and recurring labor strikes may have influenced the company’s decision.

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