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Madagascar: Court postpones to Feb. 06 ruling against top army commanders accused of alleged military coup

The judge of a court in Madagascar has postponed to February 06 the ruling on the fate of two colonels of the Army in detention since November 2023 over their alleged plot to carry out a military coup, several days before the presidential polls of November 16. The two high ranking officers whose identities have […]

AfDB approves $20 million for solar off-grid projects in DRC

The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]

Casablanca Stock Exchange reports record oversubscription for Vicenne’s IPO

The initial public offering (IPO) of Vicenne, a leading Moroccan medical equipment company, broke a new record on the Casablanca Stock Exchange with an IPO that was oversubscribed 64 times. The offering attracted over 32 billion dirhams in demand by investors for shares worth just 500 million dirhams, resulting in an unprecedented oversubscription. Vicenne offered […]