Dakhla in Moroccan sahara

Mauritania: Business tycoon Bouamatou returns home after prosecution scraped charges

Mohamed Ould Bouamatou, Mauritania’s most successful businessman, returned home from a decade-long exile, after corruption and fiscal fraud charges against him were dropped last month. The owner of GBM bank and the BSA group landed in capital Nouakchott Monday night onboard a private jet, Le360.ma reports. Bouamatou fled Mauritania in early 2010 after falling out […]

Morocco’s Central Bank upset at Fitch rating unprofessional move

The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central bank governor Abdellatif Jouahri. Fitch has recently downgraded Morocco’s credit rating from investment grade to junk ahead of an international bond worth 3 billion dollars sold by Morocco earlier this […]

Algeria: “Family succession to power, not possible in Algeria”, former PM

Former Algerian Prime Minister Mouloud Hamrouche Saturday indicated that the Algerian political system outlook and social features do not allow family succession to power in Algeria as rumors indicate that incumbent ailing President Bouteflika is grooming his younger brother to take over him as head of state. “The features of the society and the Algerian […]