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African countries ‘robbed’ of $11bn in annual revenues by ‘incognito’ fishing vessels
Illegal, unreported, and unregulated fishing costs African countries up to $11.49 billion annually, according to a new study conducted by researchers from the University of Wisconsin-Madison and Duke University, that also found that over 75% of the world’s industrial fishing vessels, mostly in Africa and South Asia, are operating “incognito.” In the new study published […]
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 […]
Rabat hosts high-level ministerial conference on middle-income countries
Rabat is hosting this Feb. 5-6 the high-level ministerial conference on middle-income countries under the theme “Solutions to Address Development Challenges of Middle-Income Countries in a Changing World.” The conference is attended by 32 countries, including many represented at ministerial level, and 23 United Nations development agencies and other international and regional institutions. Morocco is […]


