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FinancialNews


  • 17-02-10

    Morocco sells 16.6% stake in Comasel to IFC

    (MENAFN) Morocco's National Electricity Office (ONE) announced that it has sold 16.6 percent of its subsidiary in Senegal, COMASEL, to the International Finance Corporation (IFC), a member of the World Bank Group, Reuters reported. Set up in 2008, COMASEL is a Morocco-Senegalese joint electricity company in charge of supplying power, to rural areas of Senegal's Saint-Louis region. This company is granted a 25-year permit. It covers some 550 villages with a population of 362,000 people.

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