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Attijariwafa Bank Expects Egypt’s Unit to be its Major Growth Driver

Leading Moroccan bank, Attijariwafa Bank, is expecting its newly acquired Egyptian unit to be its major growth driver in coming years and is planning to expand its operations by adding new branches and hiring staff. The bank anticipates that the Egyptian operation will contribute 12% to 14% of its net income in 2018, with revenue […]

Chadian army clashes with Boko Haram on Lake Chad

The Chadian army clashed with elements of Boko Haram on Monday in Bouma, a locality on Lake Chad. According to corroborated sources, the clashes lasted several hours before the army managed to repel the attackers. The assailants arrived at the early hours of Monday, in motor boats and attacked by surprise Chadian forces, who retaliated. […]

Madagascar seeking Moroccan fertilizer investment

President Andry Rajoelina of Madagascar announced his country is seeking an investment from Morocco in the fertilizer sector as part of its efforts to achieve farming self-sufficiency, Reuters reports. “We are seeking Moroccan fertilizers as well as investments in the fertilizers’ sector,” Rajoelina, who visited Morocco in October, told Reuters in an email. “We need […]