The ruling coalition in Algeria agreed to nominate President Abdelaziz Bouteflika to run for a fifth term amid cries for election boycott. Ailing Bouteflika has yet to confirm. The 82-year-old president who has been in power since 1999 has not spoken in public since he suffered a stroke in 2013. “The parties of the presidential […]
Morocco’s leading port operator Marsa Maroc has acquired 45 percent capital and voting rights in Spain’s Boluda Corporacion Maritima (BMT) for €80 million, establishing strategic presence across the Strait of Gibraltar. BMT operates nine ports spanning the Iberian Peninsula and Canary Islands. This strategic partnership “opens pathways to synergies” between both groups, “pooling complementary expertise […]
The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]
