Algeria: Bouteflika suspected of strengthening strategic allies

President Bouteflika has carried a major political decision since returning from his treatment in France by reshuffling his cabinet. Principal ministerial posts such as interior, defense and foreign affairs ministries have been affected. Critics claim that the reshuffling is aimed at strengthening the 76 year old president’s grip to power while enthusiasts believe that it […]

Congo slams Societe Generale’s sale of its local branch to Vista Group

Authorities of Congo Brazzaville have rejected Societe Generale’s sale of its country subsidiary to Vista Group because the bank did not give it a right of first refusal, and wields legal action, Reuters reports. The Finance ministry of the central African country in a statement indicated that it was surprised by the announcement by SocGen […]

EBRD: Antoine Sallé de Chou, New Country Director for Morocco

The European Bank for Reconstruction and Development (EBRD) has appointed French national Antoine Sallé de Chou new Head for its office in Morocco. Based in Casablanca, Mr. Sallé de Chou replaces Marie-Alexandra Veilleux-Laborie. He will be responsible for the EBRD’s investments and operations in the country and report to Heike Harmgart, the Bank’s Managing Director […]