FDIs attracted by Morocco rose by 15.4% in 2017 to stand at 24.4 billion dirhams ($2.4 billion) compared to 21.2 billion in 2016, Morocco’s foreign exchange regulator, Office des Changes said. In a recent report, the office noted that remittances by Moroccans living abroad increased 4.5% to hit 65.4 billion dirhams in 2017. The Office […]
In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]
Russia is reported to have urged the Algerian regime to refrain from meddling in the domestic issues of Moscow’s allies in the region, Niger and Mali, news website Maghreb Intelligence reported. The warning came during a meeting in Algiers on April 14 between Russia’s MENA region envoy Mikhail Bogdanov with top Algerian military rulers. Bogdanov […]
