Madagascar Supports Morocco’s Return to African Union

Malagasy Foreign Minister Atallah Béatrice Jeanine expressed her country’s support for Morocco’s decision to reintegrate the African institutional family. “President Hery Rajaonarimampianina welcomed the letter sent by President of the African Union Commission, Nkosazana Dlamini-Zuma, regarding Morocco’s request to return to the African institutional family,” said Malagasy Foreign Minister in a statement to MAP following […]

Wafa Assurance launches $100 mln bid to acquire Egypt’s Delta Insurance

Wafa Assurance, one of Morocco’s leading insurance companies, has launched a public takeover bid (OPA) worth 925 million dirhams or $100 million to acquire a controlling stake in Delta Insurance S.A.E., a prominent Egyptian insurer. The bid, filed with Egypt’s Financial Regulatory Authority (FRA) on June 10, targets at least an acquisition threshold of 51%, […]

Tunis to house OIF MENA office ahead of organization’s 18th summit

Tunisia and the International Organization of the Francophonie (OIF) Monday signed a convention to establish the Middle East and North Africa Office of the organization in Tunis. Tunisia’s foreign minister Khemaies Jhinaoui and OIF Secretary General, Louise Mushikiwabo inked the deal in the Tunisian capital. Hosting the OIF regional office will put Tunisia on the […]