Kigali – CAF executive committee May 2021

Morocco’s Banque Centrale Populaire acquires majority shares in Cameroon’s BICEC bank

Morocco’s Banque Centrale Populaire, BCP, has acquired 68.5 per cent of Cameroon’s Banque Internationale du Cameroun pour l’épargne et le crédit (BICEC). Till that acquisition, the assets were owned by French group BPCE (Banque Populaire et Caisse d’épargne).   The deal was signed Tuesday at BICEC headquarters in Douala, Business in Cameroon reports. Kamal Mokdad, […]

ExxonMobil secures exploration acreage offshore Egypt

ExxonMobil announced earlier this week it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced […]

Russia seeks larger share in Morocco’s wheat imports

The Russian ambassador to Rabat said his country is ready to sell wheat at a competitive price to Morocco, a major wheat importer. “Russia is ready to supply wheat to Morocco at reasonable prices,” Russia’s ambassador Vladimir Baibakov told TASS news agency. “Morocco remains a key Russian trade and economic partner in Africa. In a […]