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Saham completes acquisition of Société Générale’s SGMB bank

Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]

Mauritanian El-Ghassim Wane named new UN envoy for Mali

Mauritanian El-Ghassim Wane was appointed by the UN Secretary General, Antonio Guterres as the new UN envoy for Mali. He will replace Chad’s Mahamat Saleh Annadif as head of MINUSMA, the UN largest peacekeeping force of nearly 14,500 troops in Mali. A lawyer by training, El-Ghassim Wane studied in Senegal and France before rising through […]

UAE: CAFU to open shop in Egypt, first market in Africa

Emirati on-demand petroleum product supplier, CAFU, will begin operations in Egypt under a Memorandum of Understanding with the Egyptian General Petroleum Corporation. The agreement will enable CAFU to launch fuel delivery services in Egypt in line with regulations and safety standards. Launched in the UAE in 2018, CAFU uses mobile app to provide service anytime […]