Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]
The European Bank for Reconstruction & Development (EBRD) has approved a €20 million loan to Moroccan Bank “Crédit du Maroc” to boost green investment of SMEs and contribute to the development of value chains in the North African Kingdom. The EBRD funds will be extended as sub-loans to local SMEs that plan to invest […]
Algerians remain divided on President’s Bouteflika’s decision to contest for elections in April. Those in the opposition believe that he is old and weak to govern the country. A source close to the President’s campaign team has hinted that Prime Minister Abdelmalek Sellal will be rendering his resignation on Thursday in order to focus on […]
