South Korean Hands Corporation Invests MAD 4.3 Billion in New Tangier Plant

Mauritania, EU ink €10.5-m grant deal

The European Union has provided Mauritania with a €10.5 million grant as the European bloc expressed keenness to support the North African country in many areas including the fight against illegal migration. Mauritanian Justice Minister Mohamed Mahmoud Ben Abdoullah Ben Baya who also doubles as the country’s interim Foreign Minister signed the deal with Vice-President […]

Morocco’s Bank of Africa reports $260 mln profit in 2023

Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%.   African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said.   Bank of Africa, previously known as […]

Russia strengthens ties with Sahel Gvts, accuses Ukraine of “destabilizing” the region

Russia is intensifying its involvement in West Africa, particularly in the Sahel region, as military governments in Mali, Niger, and Burkina Faso seek to distance themselves from Western influence. Following talks with three of his counterparts from the Alliance of Sahel States (AES) in Moscow on Thursday (3 April), Russian foreign minister Sergey Lavrov accused […]