EBRD

Algeria-Portugal: Erenav, Martifer to set up shipbuilding joint venture

Algeria’s national ship repair company Erenav has signed a memorandum of understanding (MoU) with Portuguese Group Martifer on the setting up of a joint venture in shipbuilding and ship repair that will be located in the North African country. The two parties were both excited about the agreement and they hope to use the venture […]

Hospital operator Akdital to make an offering at Casablanca stock exchange

Akdital, a Moroccan group that owns 15 clinics in Morocco, plans an Initial Public Offering at the Casablanca stock exchange to raise 1.2 billion dirhams.   The IPO is the second on the Casablanca stock exchange which aims to attract similar offerings from Moroccan enterprises.   In recent months, the bourse launched a campaign to […]

Algeria: Authorities Left Man Stuck in Well for Six Days

The majority of Algerians feel disgusted, abandoned and outraged after a 31-year-old man was left to die in a well in the southeast of Algeria, Africa’s biggest military spender and member of the OPEC cartel. Ayache Mahjoubi fell accidently in a well in M’Sila Province and remained stuck there for six days as the poorly […]