maghreb

Hospital operator Akdital to make an offering at Casablanca stock exchange

Akdital, a Moroccan group that owns 15 clinics in Morocco, plans an Initial Public Offering at the Casablanca stock exchange to raise 1.2 billion dirhams.   The IPO is the second on the Casablanca stock exchange which aims to attract similar offerings from Moroccan enterprises.   In recent months, the bourse launched a campaign to […]

Sahara: Algeria & Polisario Upset by Latest UN Resolution

As expected, Algeria and the Polisario were displeased with Sahara resolution 2468 adopted last Tuesday by the UN Security Council with a large majority of 13 votes in favor and two abstentions (Russia and South Africa). According to sources close to the UN, the Polisario and its Algerian sponsors were very upset by this resolution, […]

EBRD supports Morocco’s SMEs with a €40 Million Loan to CaixaBank

The European Bank for Reconstruction and Development (EBRD) is supporting small businesses in Morocco to withstand the coronavirus pandemic impact with a €40 million loan, approximately 430 million dirham, to CaixaBank’s Morocco branch. The EBRD loan will help CaixaBank to increase much-needed funding for local small and medium-sized enterprises (SMEs) to address companies’ needs. In […]