The Central bank of Mauritania, BCM, has reportedly suspended the acquisition of Société Générale Mauritanie, the subsidiary of Paris-based Société Générale, by Burkina Faso-based Coris Holding over an alleged fraud accusation leveled at Coris. Société Générale in June 2023 announced the sales of several of its subsidiaries in the southern Sahara including Mauritania. The bank […]
Set on modernizing its army, Morocco is showing interest in acquiring submarines, Portuguese defense minister said. “Morocco is interested in developing sub-marine capabilities. We will work together with Morocco in that regard,” said Joao Gomes Carvinho following talks with Minister delegate in charge of defense, Abdellatif Loudiyi in Lisbon. The Portuguese official said that the […]
The Moroccan state-owned OCP group has maintained its leading position as the world first exporter of phosphates although its market share decreased from 38 pc to 34 pc between January & September 2019, but in phosphoric acid, the Group remains the biggest worldwide exporter, with a 49 pc global market share. In 2019, OCP exported […]
