IFC – OCP Africa

Morocco’s King offers condolences to Sovereign of Bahrain over soldiers’ death

Mohammed VI has sent a message of condolences and sympathy to the King Hamad Ben Issa Al Khalifa of Bahrain, following the death of two Bahraini soldiers while they were fulfilling their Arab solidarity duty in defending the sovereignty of Yemen. In this message, the Sovereign expressed to the King of Bahrain, and through him […]

Akhannouch Tops Podium of Richest Men in Morocco

Aziz Akhannouch, Agriculture and Fisheries Minister and head of the RNI party, was ranked Morocco’s wealthiest man in Forbes 2018 ranking of World’s Billionaires. Akhannouch, the owner of Akwa group, with a total wealth of $2.2 billion came ahead of his countryman Othman Benjelloun, President of BMCE Bank with $1.7 billion. Akhannouch’s wealth came largely […]

Algeria: Court Blocks Billionaire’s Acquisition of TV, Newspaper Group

An Algerian administrative court on Wednesday upheld its last month provisional ruling cancelling the multimillion dollar takeover of the private El Khabar media group by Ness-Prod, a subsidiary of agribusiness group Cevital owned by billionaire Issad Rebrab. The court ruled that the agreement reached between the two parties is null and that El Khabar’s newspaper […]