Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]
Morocco is set to start extracting uranium from its huge phosphate deposits, enabling the country to position itself as a key player in the global Uranium industry, according to press reports. Uranium is primarily used as fuel in nuclear reactors, where its atoms are split to produce vast amounts of energy. Extracted from phosphoric acid, […]
Airbus announced Monday it has finalized the acquisition of several manufacturing sites from its American supplier Spirit AeroSystems, including the company’s Casablanca facility. The finalization marks a significant expansion of the European plane maker’s control over its commercial aircraft production chain. The transaction brings more than 4,000 employees under Airbus’ wing, according to Florent Massou, […]
