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France’s Société Generale to sell its business in Morocco – media reports
France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay Hafid Alamy, had reached a deal to buy 57% stake in the French subsidiary bank, Le360 said in an exclusive. The transaction to buy the fourth largest universal bank in […]
China’s PLA navy increases African port calls in bid to cement Beijing’s diplomatic ties
China’s 45th naval fleet has in recent weeks visited Tanzania, Mozambique and Madagascar in what experts say is Beijing’s show of force designed to help cement the Asian powerhouse’s diplomatic ties in Africa. After the People’s Liberation Army’s (PLA) Navy stopped many of its African port visits during the Covid-19 pandemic, it has now begun […]
Egypt: The military no more a spectator
The Egyptian defense minister, Abdel Fattah al-Sisi, warned on Sunday that the army would not hesitate to intervene if violence broke out in the country during the planned rally, and that the armed forces has the obligation to do so to stop Egypt from plunging into chaos. He also criticized those who make anti-army statements. […]



