Tunisia corona

Morocco receives global congratulatory messages after UN Security Council vote in favor of autonomy plan

The United Nations Security Council’s adoption of Resolution 2797 has sparked a wave of diplomatic reactions, as Morocco marks a diplomatic victory in favor of its autonomy plan for the Sahara territory. The resolution defines autonomy under Morocco’s sovereignty as “a most feasible outcome” and calls for the parties to negotiate on that basis without […]

Wafa Assurance launches $100 mln bid to acquire Egypt’s Delta Insurance

Wafa Assurance, one of Morocco’s leading insurance companies, has launched a public takeover bid (OPA) worth 925 million dirhams or $100 million to acquire a controlling stake in Delta Insurance S.A.E., a prominent Egyptian insurer. The bid, filed with Egypt’s Financial Regulatory Authority (FRA) on June 10, targets at least an acquisition threshold of 51%, […]

Burkinabe junta leader prioritizes security over elections, plans constitutional changes

Burkina Faso’s junta leader Captain Ibrahim Traore, who came to power in a 2022 coup, has said that elections in the country are “not a priority” compared to “security,” despite the military leadership’s earlier pledges to return to democracy with presidential elections by July 2024. “It’s not a priority, I’ll tell you that clearly, it’s […]