Moroccan Holmarcom group acquires majority stake in Kenyan insurance company

Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]

Morocco postpones Throne Day festivities because of COVID-19 pandemic

The festivities organized on the occasion of Throne Day, marking this year the 22nd anniversary of King Mohammed VI’s ascension to the throne, will be postponed, a statement by the Ministry of the Royal Household, Protocol and Chancellery announced.   Taking into consideration the continuation of preventive measures imposed by the evolution of the health […]

South African President deals a blow to the Polisario

South African President and current President of the African Union (AU), Cyril Ramaphosa, on Sunday dealt a blow to the Polisario separatists when he reaffirmed the relevance of Decision 693 of the African Summit held in July 2018 in Nouakchott, Mauritania.   Ramaphosa, who was speaking at the end of the 14th African Union Extraordinary […]