Comoros-1st-Country-to-Open-Consulate-in-Laayoune- Bianrifi Tarmidi Presidential envoy & Bourita

UAE’s Etisalat acquires additional stake in Maroc Telecom under a $500 million deal

Etisalat, the UAE’s biggest telecoms operator, increased its ownership in Etisalat Investment North Africa to 100 per cent by acquiring the Abu Dhabi Fund for Development’s 8.7 per cent stake in EINA, Etisalat said in a regulatory filing on Tuesday.   The deal increases Etisalat Group’s effective ownership in Maroc Telecom Group to 53 per […]

New cross-border highway to connect Uganda, South Sudan, and CAR in major trade boost

In a landmark move to deepen regional integration and boost trade, Uganda, South Sudan, and the Central African Republic (CAR) have agreed to construct a 1,800-kilometre cross-border highway linking Kampala to Bangui via Juba. The ambitious infrastructure project, announced following a Tripartite Ministerial Meeting in Kampala, will be implemented in two phases. Initial efforts will […]

Commercial International Bank Egypt completes acquisition of Kenya’s Mayfair CIB in $40mln deal

Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]