A total of 443,535,902 shares of the ‘’National Société Générale Bank’’ (NSGB) have been acquired by the Qatar National Bank (QNB) at a selling price of EGP 35.65 per share. The 100% acquisition of the shares cost the Qatari bank EGP 16.142bn. The NSGB is a subsidiary of the French Société Générale Bank in Egypt. […]
The 2025 ranking of African banks by Tier 1 capital confirms a well-established continental hierarchy, with South Africa, Egypt, Morocco, Algeria, and Nigeria dominating the top positions. Tunisia was absent. According to the latest data, the threshold for inclusion in the Top 20 now stands at approximately $2 billion in Tier 1 capital. Tunisia’s largest […]
Morocco should increase its strategic stockpile of wheat to cover up to 6 months from about 3 months currently, head of the Moroccan federation of wheat traders, Omar Yakoubi said. Crises during 2008, 2018 and the most recent supply disruptions following the war in Ukraine, were triggers for Morocco to consider expanding its strategic reserves […]
