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Saham completes acquisition of Société Générale’s SGMB bank

Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]

Sahara: UN Chief highlights Morocco’s diplomatic achievements, holds Algeria accountable & decries Polisario violations

The 2024 report submitted lately to the UN Security Council by UN Chief Antonio Guterres highlights the growing international support for Morocco’s autonomy plan under the Kingdom’s sovereignty, affirms that Algeria is a party to the Sahara conflict, and denounces Polisario obstruction of MINURSO mission. In his new report to the Security Council, expected to […]

Senegal: AfDB provides €60 million for ambitious agriculture project

The Board of Directors of the African Development Bank has approved a €87.6 million loan to Senegal, to implement its Water Development Project for the development of value chains (PROVALE-CV). The loan will be co-financed by the Bank in the amount of €60.8 million (for a project whose total cost is estimated at €122 million) […]