OCEAN

Washington sanctions Somali officials for not meeting election schedule

The U.S. has imposed visa restrictions on a number of Somali officials, including regional leaders, suspected of obstructing the electoral process. This is in response to the missed deadline for the completion of Somalia’s long-delayed elections. The country’s National Consultative Assembly, which is chaired by Prime Minister Mohamed Hussein Roble, has extended the deadline for […]

Morocco’s BCP Group acquires majority stakes in Madagascar’s BMOI

Morocco’s Banque Centrale Populaire, BCP, finalized Thursday the acquisition of 71 per cent stakes in Banque de Madagascar et de l’Océan Indien (BMOI), an Antananarivo-based bank owned by French group BPCE (Banque Populaire et Caisse d’épargne). The deal signed at BMOI will enable the BCP to deepen its foothold in the Indian Ocean area and […]

OIC FMs commend Moroccan King’s support for Palestinian Issue

The Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) praised, during its 49th session held in Nouakchott, March 16-17, the commendable efforts made by King Mohammed VI, Chairman of the Al-Quds Committee, in support of the Palestinian cause. The ministers also hailed the role played by Bayt Mal Al-Quds Al-Sharif Agency in […]