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Holmarcom to buy BNP Paribas’ majority stake in Morocco’s BMCI

Holmarcom Finance Company has agreed to acquire the 67% controlling stake held by BNP Paribas in Moroccan lender Banque Marocaine pour le Commerce et l’Industrie (BMCI), the two groups said on April 29. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals in Morocco, including from Bank Al‑Maghrib […]

Burkina Faso to send troops to Niger to prop up junta in event of aggression

The government of Burkina Faso has green-lighted plans to send military troops to Niger to back the junta in power in case of foreign aggression as possible military intervention of regional bloc Economic Community of West African States (ECOWAS) looms. A Cabinet statement late Wednesday August 30, Anadolu news agency reports, said the government was […]

Coronavirus lockdown helped Morocco prevent 200 deaths daily- PM

Morocco managed to slow the outbreak of the coronavirus thanks to a set of restrictive measures that helped the country avert the death of 200 people daily, head of the government Saad Dine El Otmani said in an interview with the media Thursday evening. Morocco has imposed a nation-wide lockdown since March 20 that was […]