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AngloGold Ashtanti acquisition of $2.5B Centamin Company

AngloGold Ashanti has reached an agreement to acquire Centamin Company in a transaction valued at around $2.5 billion. This acquisition will grant AngloGold control over the Sukari mine in Egypt, a renowned gold mine globally. Upon finalization, AngloGold shareholders are set to possess approximately 83.6% of the company, while Centamin investors will retain about 16.4% […]

Moroccans spent $44 million on Schengen visa fees in 2018

More and more middle class Moroccans apply for Schengen visas mostly to spend their holidays in the EU much to the benefit of Schengen countries consulates in the north African country that amassed $44 million (420 million dirhams) in 2018. Total money spent on failed visa applications stood at 77 million dirhams as Schengen countries […]

Morocco: Coronavirus fears spark surge in demand for nonperishable food

Though Moroccan authorities are assuring the public that there is no need to panic over the coronavirus pandemic and that the supply of goods is largely sufficient and covers up 6 to 8 months, shoppers continue to rush to supermarkets and convenience stores to buy nonperishable food, hand sanitizers, cleaning supplies… Either in Casablanca, Rabat, […]