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Morocco-Benin: LEMO takes over Benin Water Company

The Moroccan Oulmès water company (LEMO) announced Wednesday it notched a deal with the Benin water company “Eau Techonologie Environnement” (ETE) becoming the main shareholder of ETE with 55%. The deal was signed on August 17 after LEMO clinched 55% shareholding from Cauris Croissance Fund (45.74%) and Christian Mondjanagni (9.26%) founder and shareholder at ETE. […]

Guinea-Bissau: President considers Suzy Barbosa a “strong candidate” for the African Union

The President of Guinea-Bissau, Úmero Sissoco Embalo, on Wednesday declared his support for the candidacy of former Guinean minister Suzi Carla Barbosa for the African Union Commission (AUC), considering her to be a “strong candidate”. The French press reports on Wednesday that the former Foreign minister of Guinea-Bissau has entered the race to succeed Moussa […]

Morocco: Italian Magneti Marelli to open shop in Tangier

The Italian car component producer will launch an automotive plant in the city of Tangier for the production of shock-absorbers for car and commercial vehicle. The plant will start production in 2019 and will create up to 500 jobs when in full flesh, by 2025. The project will necessitate a global investment of around 37 […]