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Algeria’s never ending ‘blame Morocco game’

Algerian military junta and its civilian façade have hit an unsane level by their constant deployment of conspiracy theories blaming Morocco for all the woes in the country from climate change to self-inflicted economic and political problems. The most recent episode in Algeria’s propaganda machinery was to blame Morocco for currency counterfeiting in the country […]

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%, […]

Guinea: AfDB supports rural electrification with over €760,000

The African Development Bank (AfDB) has just awarded a grant of nearly €762,000 to Guinea. The amount, granted through the AfDB Sustainable Energy Fund for Africa (SEFA), will support the Guinean Rural Electrification Agency sett up solar off-grid projects for the country’s villages. According to the bank, funds will be used, among others, to finance […]