US Africa command

Morocco’s Main Ports Operator to invest $2.1 Bln to Strengthen Group’s Regional Leadership

Morocco’s main ports operator, Marsa Maroc Group, has unveiled a $2.1 billion investment program over 2025-2030 period to strengthen the group’s regional leadership. The investment roadmap was approved by the company’s board of directors during its latest meeting convened to endorse the 2025 financial statements. Consolidated revenue of Marsa Maroc increased from $500 million recorded […]

Egypt: Fighter jet crashes during drill

The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]

Saudi investment company in Egypt acquires minority stakes in 3 other listed companies

The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers and Chemical Industries, Alexandria Container and Cargo Handling and E-Finance for Financial and Digital Investments are the companies, Zawya reports citing Egypt’s planning ministry’s website. SEIC also reportedly acquired 25 […]