Europe eyes DRC, Zambia, other African states, seeking critical mineral pacts to cut reliance on China

The European Union is finalizing partnerships with the Democratic Republic of Congo (DRC) and Zambia to boost local industries as the bloc wants to mine its way out of its heavy dependence on foreign powers like China for critical materials needed to power its green transition. A planned memorandum of understanding is widely seen as […]

Moroccan ambassador lays bare Algerian FM’s contradictions before Non-Aligned Movement

Morocco’s Permanent Representative to the UN, Omar Hilale has laid bare the Algerian Foreign Minister’s manifest contradictions before the Non-Aligned Movement in Baku on Thursday, pointing out that Algeria is instrumentalizing the Movement’s principles it claims to promote in international forums at a time when it has persisted in violating them for decades. Hilal’s remarks […]

Morocco’s BCP acquires 100% of capital of Brazzaville-based BCI

Morocco’s BCP bank said on Friday it completed the acquisition of BCI bank in Congo Republic from France’s BPCE after having met all regulatory requirements. Speaking on the sidelines of a ceremony to seal the agreement, BCP CEO Kamal Mokdad said “the acquisition of BCI will help BCP group strengthen its presence in the Economic […]