Omar hilale

Morocco’s informal sector expands to 2 million production units

Morocco’s informal sector has grown to approximately 2.03 million informal production units (IPUs) in 2023, an increase of 353,000 units since 2014, according to the National Survey on Informal Production Units published Wednesday by the High Commission for Planning (HCP). The expansion has been predominantly urban, with 77.3% of IPUs located in cities. The Casablanca-Settat […]

Kenya’s opposition leader unveils youth resistance movement to remove incumbent leader

Raila Odinga, leader of the opposition in Kenya and head of Azimio coalition, has unveiled youth resistance movement dubbed “movement for defense of democracy” that he intends to use to push President William Ruto out the state office, Nation Africa reported Sunday. Speaking during a rally in Kamukunji grounds in Kibra as part of public […]

Morocco capital market regulator greenlights CFG Bank IPO

Morocco’s capital market regulator AMMC gave its approval for the listing of merchant bank CFG Bank on the Casablanca Stock Exchange. Under this IPO, CFG aspires to raise 600 million dirhams at a price share of 110 dirhams, with the subscription period running from November 30 to December 7. This marks the first IPO in […]