ape-Town based insurer Sanlam said it will fully acquire Morocco’s SAHAM group insurance business in Africa in a $1.05 billion deal. The deal will give Sanlam access to SAHAM’s 26 markets across North Africa, the Middle East and West Africa and builds on its business that spans 11 African countries, India and Malaysia. SAHAM Finances, […]
Cash-strapped Tunisia reported a 3% decrease in its foreign exchange reserves to 22.9 dinars ($ 7.5 bln), enough to cover 99 days of imports, as the country struggles to access foreign debt amid a biting social and economic crisis. The decline follows the government’s $1 billion Eurobond repayment in February, reducing import coverage. The government […]
King Mohammed VI launched, on Wednesday in Casablanca region the construction works of a regional facility devoted to psychosocial rehabilitation of people suffering from mental and psychological disorders. The $33 million facility will be built by the Mohammed V Foundation for Solidarity. This project shows the importance the Sovereign grants to the health sector, in […]
