Kitsurf in sothern Moroccan city Dakhla

Angola’s first successful IPO may pave way for privatization of conglomerates

In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]

Tunisia: Ennahdha pushes to ouster PM Mechichi – Business News

Tunisia’s largest party in parliament, Ennahdha, is in talks with the country’s powerful labor union UGTT to replace Prime Minister Hichem Mechichi as part of solutions to end the political crisis that has gripped the North African country, local Business News has reported. Citing unnamed sources, the media argues that the party and the union […]

Automotive: Morocco Hosts 1st Development & Test Center in Africa

FEV, German engineering provider in the automotive industry, and French group UTAC, leader in car testing and homologation, have opened in Moroccan Atlas mountain city of Oued Zem Africa’s first testing center. “The launch of the first test center on African soil is an important strategic milestone for FEV,” said Stefan Pischinger, CEO of FEV […]