Algeria elections

Morocco’s SNI Changes Name into Al Mada, Gears Activity to Africa

SNI, the largest stakeholder in the Moroccan economy, announced that it has changed its name into Al Mada in tandem with gearing its activity towards becoming a pan-African investment fund. This change was approved at a meeting of SNI’s board of directors on March 28 in Casablanca, said the company in a statement noting that […]

Morocco spends 90% of its FDI in Sub-Saharan Africa

Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]

Nigeria: Gov’t alarmed by possible Russian involvement in ongoing ‘hardship’ protests

The Nigerian government has raised concerns over Russia’s possible influence on the ongoing demonstrations against economic hardship in the West African country after about 40 protestors had been arrested for carrying Russian flags. Nigerian authorities have detained anti-government protestors in northern states for waving Russian flags and voicing support for Russian President Vladimir Putin, denouncing […]