Morocco’s Samir Refinery Receives $3bln Buyout Offer

A breakthrough may be near in the long-running crisis that forced Morocco’s sole oil refinery Samir into closure after the court-appointed manager of the refinery received a buyout offer totaling $3 billion, several media reports said. The trustee running the company Mohamed El-Krimi was reported in the media as saying that he expects more expressions […]

Private clinic operator Oncorad raises $45 mln to finance its growth

Moroccan private clinic operator Oncorad raised 45 million dollars via private equity funds France’s Stoa and Morocco’s CDG Invest as part of an effort to fund its expansion plan, it said. Oncorad plans to have 30 clinics by 2026 as it sees a pressing need to fill in shortages in private hospitals especially in remote […]

Mali: Military aircraft crashes at Gao during support mission operation

A Russia-made military aircraft belonging to the Malian army crashed at Gao airport in the north of the African country, following a support mission to local population, the army indicated in a statement. A Sukhoi SU-25 fighter jet belonging to the Malian Armed Forces crashed while landing at the airport in the northern Mali city […]