Central Bank of Mauritania suspends Société Générale Mauritanie buyout by Burkina Faso-based Coris Holding

The Central bank of Mauritania, BCM, has reportedly suspended the acquisition of Société Générale Mauritanie, the subsidiary of Paris-based Société Générale, by Burkina Faso-based Coris Holding over an alleged fraud accusation leveled at Coris. Société Générale in June 2023 announced the sales of several of its subsidiaries in the southern Sahara including Mauritania. The bank […]

Morocco launches 14th wind Farm to fast-track green energy transition

Morocco has commissioned its 14th national wind Farm in the southern city of Boujdour that is expected to produce 300MW as part of efforts to accelerate the country’s transition into green energy. The National Office of Electricity and Drinking Water (ONEE), Morocco’s utility company, unveiled the project at the same time as it activated the […]

Egypt’s AAIB bank raises $500 mln in green bond

Egypt’s Arab African International Bank (AAIB) issued Africa’s largest private green bond worth $500 million to fund its sustainable development operations. Three renowned development financial institutions: the IFC, the EBRD, and British International Investment (BII) teamed up in this issuance, subscribing to the entire bond. The bond is also reflective of a strong commitment to […]