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Mauritania: EU, Western Allies Reaffirm Support for Ukraine at Nouakchott Event

The European Union on Tuesday reiterated its solidarity with Ukraine during a diplomatic event in Nouakchott marking the fourth anniversary of the start of the Russo-Ukrainian War. In a statement, the EU said ambassadors from the “European Group”, alongside representatives of the United States, the United Kingdom and Japan, expressed their continued support for Ukraine […]

Morocco’s Holmarcom group takes control of Credit du Maroc Bank

Morocco’s Holmarcom group has taken control of Credit du Maroc, a subsidiary of French bank Credit Agricole. Holmarcom has bought all the 78.7% stakes owned by Credit Agricole in its Moroccan branch, in a move to strengthen its foothold in the finance and insurance business. Morocco’s Wafa Assurance and other stakeholders own 10.73% and 10.56% […]

Morocco firmly engaged on path of energy efficiency

Morocco a major oil and gas importer in the MENA region has tapped into its renewable energy potential combined with the adoption of a program to boost energy efficiency to address increasing demand on electricity. The country is already leading the way in the MENA region and Africa by working to exceed the 52% renewable […]