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Wafa Assurance launches $100 mln bid to acquire Egypt’s Delta Insurance

Wafa Assurance, one of Morocco’s leading insurance companies, has launched a public takeover bid (OPA) worth 925 million dirhams or $100 million to acquire a controlling stake in Delta Insurance S.A.E., a prominent Egyptian insurer. The bid, filed with Egypt’s Financial Regulatory Authority (FRA) on June 10, targets at least an acquisition threshold of 51%, […]

DRC: UN chief “alarmed” by surge in violence, as militia executes 17 hostages

The escalating violence in the east of the Democratic Republic of Congo (DRC) has claimed more than 700 lives at the hands of militia fighters since December last year, the United Nations said Monday (27 March). This comes as the CODECO insurgents, a notorious militia operating in the region, a day earlier executed at least […]

Mauritania’s National Day: King of Morocco renews resolve to strengthen, diversify fruitful bilateral cooperation

King Mohammed VI has underlined the depth and solidity of the fraternal ties binding Morocco and Mauritania, and renewed his determination to further consolidate these ties and to strengthen and diversify the areas of the two countries’ fruitful cooperation. This came in a message of congratulations that King Mohammed VI addressed to President Mohamed Ould […]