Morocco’s Bank of Africa reports $260 mln profit in 2023

Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%.   African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said.   Bank of Africa, previously known as […]

Agreement between British Chariot & ONHYM to transport Larache gas through Maghreb-Europe pipeline

Africa-focused British oil and gas company Chariot has signed a pipeline tie-in agreement that takes it a step forward in unlocking its Anchois gas project offshore Morocco. The agreement was signed with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) and it secures access to the major Maghreb Europe Gas Pipeline (GME) in the […]

DRC: soldier desertion trials highlight army in disarray amid rebel advances

Trials of Congolese soldiers accused of desertion, murder, and looting shed light on a military grappling with poor morale and dysfunction, amid ongoing rebel advances in the eastern Democratic Republic of Congo (DRC). In recent court proceedings, over 300 soldiers have stood trial, with some facing death sentences for fleeing the frontlines as M23 rebels, […]