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Moroccan Holmarcom group acquires majority stake in Kenyan insurance company

Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]

Tunisia: President sacks country’s Paris, Milan consuls, orders audits

Kais Saied has terminated the diplomatic jobs of Tunisia’s consuls in Paris and Milan and ordered a financial audit of the missions, his office announced on Sunday. The statement said Taher Arbaoui who had been running the country’s consulate in Paris will be replaced by Ridha Gharsalaoui. Adel Ben Abdallah on the other hand will […]

France to scan asylum seekers in Libya to curb deadly crossings of Mediterranean

French President Emmanuel Macron announced Thursday that France will start processing asylum seekers’ applications in Libya as of this summer, in a move to curb the deadly crossing of the Mediterranean by illegal migrants. “The idea is to create hotspots to avoid that people take crazy risks when they are not all eligible for asylum. […]