Guinea gives mining companies until August 31 to return export proceeds

Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their revenues from exports. The warning came from the ministry of Mining and Geology, citing articles of the Guinea’s mining Code. Moussa Magassouba head of the department addressed the companies in […]

Washington Hails its Excellent Counterterrorism Cooperation with Rabat

The United States has lauded its “excellent and long-standing” counterterrorism cooperation with Morocco, a major non-NATO ally and one of the major US strategic partners in the region. In its annual terrorism report released Nov.1, the State Department says Morocco continued its comprehensive counterterrorism strategy that includes vigilant security measures, regional and international cooperation, and […]

Morocco’s CFG Bank seeks Casablanca listing

CFG Bank, one of the smallest banks in Morocco, plans to issue an initial public offering at the Casablanca stock exchange. The decision was made by the bank’s general assembly with the aim to raise 600 million dirhams through a capital increase at the stock exchange. CFG will issue new shares with a par value […]