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Chad’s Deby defends decision to break ‘obsolete’ defense pact with Paris

Chadian president Mahamat Idriss Deby has defended his decision to break military ties with France and ask for the withdrawal of French troops, saying that the security agreement with its former colonial master failed to provide substantial military value to the country amid various challenges, including terrorist attacks. Deby has said their defense pact no […]

French Veolia to divest its stake in Morocco’s Lydec

French Veolia plans to sell its stake in utilities company Lydec, a Casablanca-listed company that manages water supply, electricity distribution, and sewage. Veolia will sell its stakes to Société Régionale Multiservices Casablanca-Settat, in line with authorities’ plan to put utilities under the authority of regional companies owned by the state. Lydec oversees the delegated management […]

Danone Sales Grow Offsetting Boycott in Morocco

French dairy company Danone announced that sales will grow by 3.3% this year despite a consumer boycott has slashed the company’s profits in Morocco. The company was able to offset setbacks in Morocco and Brazil as sales were mainly driven by Chinese consumers who snapped up more infant formula while dairy sales picked up in […]