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Morocco earmarks $623 bln in aid to RAM

Morocco’s Royal Air Maroc, which has been hit hard by the coronavirus pandemic, will receive 6 billion dirhams (623 million dollars) from the government as part of a bailout plan. Speaking to members of the Upper House, Finance Minister Mohamed Benchaaboun said that the aid is part of state assistance to public enterprises in disarray […]

Morocco’s Al Mada plans expansion in the African food market

Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]

Algeria : Protesting police officers storm President’s headquarters

The protest of hundreds of security forces is heading for its third day as their demands continue to be unanswered. They camped outside of the President’s headquarters after failed attempts to force their way in. The protesting security forces are demanding to meet with the Prime Minister for talks. The protests of the security officers […]