ISESCO

Key amendments in Morocco’s family code review

King Mohammed VI has instructed a review of the family code in line with Islamic precepts and universal values which introduces amendments protecting the social and economic rights of the Moroccan family. Following widespread consultations, the committee in charge of elaborating the new code provided the broadlines to the media, in line with royal directives […]

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 […]

East Africa promotes regional, China tourism to reduce over-reliance on US, Europe

In their post-Covid recovery plans, East African countries are promoting niche products, such as cruise, adventure, culture and sports tourism, in emerging tourist markets such as China, in a strategy expected to spur growth in the sector. To reduce over-reliance on traditional source markets in Europe and the United States, East African countries are shifting […]