Sisi Hadi

Morocco: Chariot & Vivo Energy agree on terms of gas commercialization

Chariot energy Company has signed an agreement with Vivo Energy Maroc firm on future natural gas offtake from the Loukos Onshore license in which the British company holds 75% stake, while Moroccan National Office of Hydrocarbons and Mines (ONHYM) has 25 %. In a press release issued Monday, Chariot said the aim of the agreement […]

Morocco’s Holmarcom group takes control of Credit du Maroc Bank

Morocco’s Holmarcom group has taken control of Credit du Maroc, a subsidiary of French bank Credit Agricole. Holmarcom has bought all the 78.7% stakes owned by Credit Agricole in its Moroccan branch, in a move to strengthen its foothold in the finance and insurance business. Morocco’s Wafa Assurance and other stakeholders own 10.73% and 10.56% […]

US top diplomat to boycott G20 summit in South Africa

US Secretary of State Marco Rubio said he will not attend the G20 summit in Johannesburg, due to what he described as “anti-Americanism” by South African authorities. The decision came against the backdrop of Trump threats to halt aid for South Africa which plans to implement land redistribution acts detrimental to the white minority. Trump’s […]