Morocco Takes Set of Measures to Mitigate Effects of Drought on Rural World

Morocco took a number of measures worth over $5 million to help farmers and mitigate the impact of the current drought on the rural world. The measures were announced on the morrow of the meeting King Mohammed VI convened on Thursday with the Head of Government Abdelilah Benkirane and Minister of Agriculture and Fisheries Aziz […]

Kenya plans nuclear plant to diversify energy sources

Kenya has allocated a coastal area to build its first nuclear plant, worth 3.9 billion dollars, in a bid to diversify its energy mix. The project is expected to generate 1000 MW, as part of a long-term strategy to reduce reliance on hydro-power and fossil fuel energy. Switch on is expected in 2034, despite rising […]

Saham completes acquisition of Société Générale’s SGMB bank

Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]