Moroccan al-massira Dam

Saham completes acquisition of Société Générale’s SGMB bank

Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]

EU imports of South African coal surge eight-fold, replacing Russian fossil fuels

South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]

Venezuela elections: Several countries, including Morocco, call for restraint, wisdom, dialogue

Several countries, including Morocco as the sole African State, have launched a strong appeal for wisdom and restraint in Venezuela. “At this decisive juncture for Venezuela and the region, all social and political actors must exercise the utmost restraint in their public actions,” said the signatory countries in a joint statement issued at a meeting […]