Morocco telecom operators

Morocco’s Bank of Africa reports $260 mln profit in 2023

Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%.   African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said.   Bank of Africa, previously known as […]

Polisario patrol hit by landmine after breach of buffer zone

A Polisario militiaman was killed and two others were injured in a landmine explosion as a patrol of the separatist group came near the security wall in the demilitarized area. The incident shows once more Polisairo’s recurring provocations of the Moroccan army and their violation of the 1991 ceasefire agreement, which bans any military deployment […]

Egypt launches investment fund for Nile Basin countries

Egypt has officially launched a Fund dedicated to investment in the Nile Basin, aimed at fostering development through collaboration with neighboring countries. This initiative was announced on October 14. The fund is designed to facilitate investment in development and infrastructure projects across the Nile Basin nations, adhering to strict economic standards to enhance project success […]