Chinese Midea Group contemplates acquiring Electrolux Group’s Egyptian Zanussi

The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]

IFC Teams up with Moroccan BCP Group to Enhance Microfinance in Sub-Saharan Africa

The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]

U.S. invites Morocco, its reliable & strategic partner, to AFRICOM change of command ceremony

Morocco, U.S. long-standing friend, ally, and strategic partner in the region, has been honored to take part in U.S. AFRICOM Change of Command ceremony held Friday at Kelley Barracks in Stuttgart, Germany. Inspector General of the Royal Armed Forces, Lt. General Mohamed Berrid, who was accompanied by high-level delegation, represented the Kingdom in this ceremony […]