King Mohammed VI & Crown Prince Moulay el Hassan – Ministers Council

Germany boosts aid for African deals to woo allies, counter China’s charm offensive

Germany is set to increase its state guarantees for business investments in African countries, a move widely interpreted as being aimed at diversifying trade relations and to make it more independent from China. In September, China removed tariffs on 98% of agricultural and mineral imports from nine of Africa’s poorest countries. The decision follows Chinese […]

Kenyan court halts controversial Adani Group airport lease deal

Kenya’s High Court has temporarily blocked a proposed 30-year lease deal that would have given India’s Adani Group control over the country’s main airport. The Law Society of Kenya and the Kenya Human Rights Commission jointly filed an application arguing that the country could independently fund the $1.85 billion airport upgrade. The petitioners claim the […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]