US Obangame Express 2021

Morocco sets up national financial intelligence body to combat money-laundering & terrorism financing

The Moroccan government has approved the setting up of a National Financial Intelligence Authority to better combat money-laundering, terror financing and weapons proliferation.   The establishment of this new entity comes following the recommendations issued by the Middle-East & North Africa Financial Action Task Force which has called for upgrading the country’s financial intelligence unit […]

Algeria’s health system crumbles under Omicron

The surge of Omicron has submerged Algerian hospitals suffering from a lack of staff and oxygen amid a total media blackout. Meanwhile, Algeria’s president opts for diversion claiming his country’s health system is the best in Africa. The World Health Organization points regularly at the unreliable pandemic figures released by Algerian authorities, as the official […]

Egypt: OCI’s Amsterdam relocation gets green light

Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]