Egyptian borders with Libya

Morocco’s Holmarcom sets eyes on Credit du Maroc

Moroccan insurance and real-estate company Holmarcom seeks to buy stakes held by Paris-based Credit Agricole in its Moroccan branch Credit du Maroc. In a statement, Holmarcom said it has started negotiations but added that there is no “uncertainty”. The deal, if completed, will bolster Holmarcom standing as one of leading insurance companies in the country […]

Afreximbank pledges $1 Bln for Morocco-Africa trade & investment program

African Export-Import Bank has pledged $1 billion in support for Morocco-Africa Trade & Investment program which finances and promotes intra- and extra-African trade. An agreement was inked over the weekend on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund held in Marrakesh October 9 to 15. Under […]

Somalia’s Puntland claims victory over Islamic State, but future challenges remain

After nearly two months of intense combat, Puntland forces in Somalia claim to have successfully pushed back Islamic State (IS) militants, dealing significant blows to the terror group in the region. However, despite recent victories, experts warn that the IS may attempt to regroup and continue its operations across the Horn of Africa. The offensive, […]