BCIJ

Floods kill 170, displace 200,000 in northern Nigeria

At least 170 people have been killed and over 200,000 people displaced following weeks of floods that ravaged large swathes of northern Nigeria. The National Emergency Management Authority (NEMA) warned that the torrential rains and flash floods could hit other parts of the country amid a notable rise in water levels in the two largest […]

Fitch Deems Morocco’s Capital Markets Well Developed

Capital markets are reasonably deep and well developed in Morocco wherein institutional investors buy long-term senior and subordinated bonds issued by Moroccan banks, says Fitch Ratings in its latest report on Moroccan retail housing finance market. The introduction of a covered bonds market in Morocco would support continued strong growth of retail mortgage lending, adds […]

Mauritania Pelagic Sells 23 % of its Shares for € 20 million

Mauritania Pelagic, the largest holding company specializing in production and processing of fish, has sold 23 pc of its shares to international Investments Fund “Hermes-Sojitz” for €20 million. The money derived from the deal will be used for the construction of a modern fishing trawler equipped with 500 tons refrigerated sea water (RSW) tanks. Installing […]