SAID-CHITOUR

French Société Générale confirms sale of its Morocco bank to Saham for €747 million

French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]

Morocco Ranks 30th in Global Entrepreneurship Monitor National Entrepreneurial Context Index

Morocco ranked 30th in the Global Entrepreneurship Monitor (GEM) National Entrepreneurial Context Index (NECI), according to GEM 2023/2024 Global Report launched Tuesday at Hassan II University of Casablanca. GEM NECI measures the 12 entrepreneurial environment conditions (EFCs) that make up the context in which entrepreneurial activity takes place in a country. In 2022, Morocco ranked […]

US tech giant Meta faces legal challenges in Ethiopia and Kenya

US tech giant Meta has faced mounting legal troubles in East Africa, including in Ethiopia where its subsidiary Facebook has been accused of contributing to violence during the brutal two-year conflict in the country’s northern Tigray region, and in Kenya where Meta has reportedly faced several lawsuits by local Facebook content moderators. In Ethiopia, Many […]