Morocco’s BCP Group acquires majority stakes in Madagascar’s BMOI

Morocco’s Banque Centrale Populaire, BCP, finalized Thursday the acquisition of 71 per cent stakes in Banque de Madagascar et de l’Océan Indien (BMOI), an Antananarivo-based bank owned by French group BPCE (Banque Populaire et Caisse d’épargne). The deal signed at BMOI will enable the BCP to deepen its foothold in the Indian Ocean area and […]

Senegal seeks strong ties with military-ruled Mali, Burkina Faso

Newly elected Senegalese president Bassirou Faye started a regional visit with Mali and Burkina Faso in a bid to strengthen ties with neighbors that quit the regional bloc ECOWAS in protest over sanctions following their consecutive coups. In Bamako, Faye held talks on the ECOWAS with Mali’s leader Col. Assimi Goita. Following the talks, he […]

MENA : Algeria, Libya and Egypt to replace Gazprom

Plans are underway for Algeria, Libya and Egypt to replace 50% of Russia’s Gazprom natural gas supply to Europe. Italy’s largest utility, Enel SpA, hopes that the development efforts that are ongoing in oil and gas sectors of these North African countries, especially in Algeria, will ease the process. Europe is seeking to reduce its […]