Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]
The U.S. Africa Command (AFRICOM) has confirmed that eleven al-Qaeda in the Islamic Maghreb (AQIM) terrorists were killed in “a precision airstrike”, conducted near Al Uwaynat, in southern Libya, last Thursday. AFRICOM said three vehicles were destroyed. “In coordination with the Libyan Government of National Accord (GNA), U.S. Africa Command conducted a precision airstrike near […]
The Moroccan government is elaborating a budget bill forecasting growth at 4.5% in 2023 after 1.5% in 2021, assuming an average agricultural output. Growth has decelerated in 2021 as the country faces the worst drought in decades, coupled with imported inflation pressures affecting the trade balance due to higher energy imports. The 2023 growth forecast […]
