Morocco’s BCP bank started talks with French BCPE bank to buy major stakes in four of its African banks. BCP said in a statement it aims at acquiring BPCE’s controlling stakes in Cameroon, Madagascar, Congo and Tunisia. The French bank owns 68.5% of Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC); 71% of […]
The International Monetary Fund has issued a new assessment of the Algerian economy, which failed to diversify due to endemic corruption and deepening political crisis, fueling growing popular discontent and uproar. “Algeria continues to face important challenges posed by the fall in oil prices four years ago”, said IMF team after concluding a recent visit […]
Algeria made so much fuss about sending unsolicited aid to Morocco, mobilizing its mouthpieces in the media and its own reporters working for foreign media to show rescuers waiting for Rabat’s green light. Even when Morocco thanked all the countries that offered aid and accepted help only from the UK, Spain, the UAE and Qatar, […]
