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%, […]
Senegal’s Sangomar oil field, located 100 kilometers off the coast of Dakar, achieved “record sales” of nearly 4 million barrels of oil in April, Energy, Petroleum and Mining Minister Birame Souleye Diop announced. “I would like to announce exclusively that we have made a record sale of 3.8 million barrels from the Sangomar oil field […]
Economic transactions between Algeria and Spain has not seized to increase and it continues “to be more and more important,” according to the Consul General of Spain in Oran, José Manuel Rodriguez. Such fruitful relationships have led to the recent creation of an Algerian-Spanish Trade and Industry Circle (CCIAE) which will be located in El […]
