Algeria Fennecs

Egypt Adds Multi-billion Dollar “Social Package” to Budget

As Egypt’s fiscal year for 2017-2018 will be commencing on July 1, the Finance Ministry has announced that a “social package” aimed at easing the pain of the ongoing austerity measures will be included in the budget. More than 90% of the citizens will benefit from the package through food subsidies, tax breaks and increment […]

Morocco, France sign judicial cooperation action plan

Morocco and France have signed an action plan providing for strengthening cooperation relations in the judicial and technical fields, and promoting the exchange of expertise and best practices in legislative and legal reform. The plan, initialed by Justice Minister Abdellatif Ouahbi and his French counterpart Eric Dupond-Moretti, who is on a visit to Morocco, covers […]

Congo slams Societe Generale’s sale of its local branch to Vista Group

Authorities of Congo Brazzaville have rejected Societe Generale’s sale of its country subsidiary to Vista Group because the bank did not give it a right of first refusal, and wields legal action, Reuters reports. The Finance ministry of the central African country in a statement indicated that it was surprised by the announcement by SocGen […]