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Fitch lowers credit rating of Pemex to B+
Fitch Ratings announced a revision of its credit rating on Petróleos Mexicanos (Pemex), lowering it to B+ from BB-. This decision is due to operational struggles and significant financial demands the state-run firm is experiencing. Fitch also put the rating on negative watch, expressing uncertainty about the Mexican government’s ability to enhance Pemex’s liquidity and […]
Senegal’s Startup Boom: A Beacon of Innovation and Economic Growth in West Africa
Senegal’s startup ecosystem has emerged as a powerhouse in West Africa, attracting significant investments and fostering innovation. The country’s startups have raised over $300 million, according to Mbagnick Diop, president of the Senegalese Business Movement (MEDS). This impressive figure places Senegal among the top three African countries for startup funding relative to population and GDP. […]