gold miners

Sahara issue looms over Saham-Sanlam $1.1 bln deal

Head of Morocco’s BMCE Bank, the third largest bank in the country, criticized the sale of Saham insurance business to South Africa’s Sanlam as detrimental to Morocco’s interest. Speaking at a press conference, head of BMCE Othmane Benjeloun deplored the sale worth $1.1 billion on grounds that South Africa supports the Polisario separatists. “We end […]

EU Disburses €1bn Second-Phase Macro-Financial Support to Egypt Following Reforms

Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]

Africa stands to benefit from Morocco’s vaccine manufacturing

Morocco has unveiled a landmark deal to produce Africa’s first Covid-19 vaccines in partnership with China’s Sinopharm and made it clear that the goals are meeting self-sufficiency in key vaccines and exporting to the rest of the continent. The North African country is expected to start production with 5 million doses of the coronavirus vaccine […]