Danish Investor Takes Majority Stake in Moroccan Logistics Firm Globex

Danish investor A.P. Moller Capital has agreed to acquire a majority stake in Globex Investissement, a leading Moroccan logistics company, six months after establishing an investment fund dedicated to transport and logistics in Morocco. Under the deal, A.P. Moller Capital’s Emerging Markets Infrastructure Fund II and the APM Capital Morocco Fund will together take the […]

Equatorial Guinea: President’s son arrested for selling aircraft belonging to national carrier

Ruslan Obiang Nsue, a son of Equatorial Guinea’s President Teodoro Obiang Mbasogo, has been placed under house arrest for the alleged sale of an airplane belonging to the country’s flagship airline Ceiba Intercontinental, reports say. State television (TVGE) Tuesday reported that Obiang Nsue allegedly sold the jet, ATR 72-500, to the company Binter Technic, which […]

EBRD Opens 3rd Office in Morocco

The European Bank for Reconstruction and Development will open next Monday an office in Agadir, said on Thursday the Bank’s Vice-Pdt Alain Pilloux, who is currently on a working visit to Morocco. “I will inaugurate a new EBRD office in Agadir Dec.02, after having opened recently another one in Tangier”, said Mr. Alain Pilloux at […]