Crisis

  • Italy’s Enel to Exit Egypt’s Renewable Energy Market

    Italy’s Enel to Exit Egypt’s Renewable Energy Market

    Monday, 25th July 2016
    Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.
  • Angola Seeks Tackling Oil Price Decline, Food Scarcity

    Angola Seeks Tackling Oil Price Decline, Food Scarcity

    Wednesday, 17th February 2016
    The government of Angola will adopt a set of measures to respond to the emerging crisis in the country resulting from the sharp drop in oil prices resulting in scarce and more expensive food resources.
  • Morocco Oil Refiner Plans Capital Increase to End Crisis

    Morocco Oil Refiner Plans Capital Increase to End Crisis

    Sunday, 13th September 2015
    Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company's financial difficulties. As Morocco's only refinery, its closure would make the country entirely reliant on imports and could also impact Moroccan banks exposed to Samir's debt.