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Morocco announces new government of 24 portfolios
King Mohammed VI chaired a ceremony at the Royal palace in Fez this Thursday during which a new government of 24 jobs was announced following general elections last September 8. The King had tasked Head of the Government Aziz Akhannouch with forming a new cabinet after his RNI party won 102 of the parliament’s 395 […]
Société Générale Morocco rebrands to Saham Bank
Subsidiary of French bank Société Générale has officially rebranded to Saham Bank, six months after Saham Group completed the acquisition. Société Général sold its Moroccan bank and its insurance subsidiary to Saham Group in 2024, worth 745 million euros. The transaction, which involved the acquisition of 57.67% of SGMB’s capital and voting rights, was first […]
Egypt resumes electricity exports to Libya after payment deal
Egypt has resumed electricity exports to Libya after the Libyan government paid about $100 million in outstanding bills accumulated since 2023. The initial supply has been restored at a capacity of 70 megawatts, following an agreement between the two countries to settle the remaining $41 million debt by the end of 2026. The resumption of […]



