Marwah Rizky & Monsef Derraji in Quebec parliament

Commercial International Bank Egypt completes acquisition of Kenya’s Mayfair CIB in $40mln deal

Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]

Morocco aims to boost natural gas share to 30% of energy mix by 2030

Morocco is accelerating its transition to natural gas as a key pillar of its energy future, aiming to increase its share to 30% of the national energy mix by 2030. The government is deploying a multisector strategy based on heavy investments and public-private partnerships to reduce coal dependence while maintaining energy security. On April 23, […]

Morocco Set to Become Hub for Aeronautic Industries

Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]