Morocco-economy

Madagascar slams embezzlement of around 12.4 million euros in 8 months in public Administration

Madagascar’s State Inspectorate-General (IGE) Tuesday denounced the embezzlement of around 12.4 million euros (MAG51 billion) of state funds in the public Administration over a period of eight months. Daniel Randrianarivony, the Chief of the IGE made the announcement during the presentation of his organization’s report that audited the public administration from January to August this […]

Sahara: Hungarian companies interested in business opportunities in Dakhla-Oued Eddahab Region

Hungarian companies are interested in investing in the Dakhla-Oued Eddahab region which is offering huge business opportunities in various sectors including tourism, agriculture, fisheries, and renewable energy. The remarks were made Monday by Hungarian Ambassador to Morocco Miklis Tromler during a visit to the Moroccan Sahara. The diplomat said he was impressed by the socioeconomic […]

Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]