Moroccan Botola

Morocco’s Bank of Africa reports $260 mln profit in 2023

Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%.   African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said.   Bank of Africa, previously known as […]

Rached Ghannouchi handed one-year jail sentence for promoting terrorism

Rached Ghannouchi, the leader of Tunisia’s largest political movement Ennahdah, has been sentenced to one-year in prison in absentia for promoting terrorism, one of his lawyers said Monday. Ghannouchi has been in detention since late April and indicted for 19 offenses including terrorism. Monia Bouali, one of Ghannouchi’s lawyers, told Reuters that his client has […]

Egypt sidelines linkage of Nile and River Congo for technicalities

Alaa Yassine, the Egyptian minister of Irrigation and Water Resources advisory for dam affairs has finally announced that the proposed project of linking the Nile with River Congo will finally not go ahead due to “technical reasons.” The project was proposed by Sarko Overseas, a private company owned by Ibrahim Al-Fayoumi, but Egypt decided not […]