algeria-water scarcity

South Africa’s Sanlam Completes Acquisition of Moroccan Insurer Saham

South African financial services company has strengthened its foothold as Africa’s largest insurance firm with the completion of the $1.1 billion purchase of Morocco’s Saham Finances SA after regulators approved the deal. The acquisition, which was sealed on October 9 and has entered into force on October 11, will help Sanlam boost presence in 33 […]

A quarter of Morocco banks activities made in Africa- central bank governor

Moroccan banks operate in 30 African countries where they generate 23% of their revenue, Moroccan central bank governor Abdellatif Jouahri said while speaking about investments by Moroccan firms in the continent. Speaking at an event on the Atlantic initiative, launched by King Mohammed VI to bolster regional integration, Jouahri highlighted the monarch’s win-win approach in […]

Morocco dismantles a Daesh cell with links to a jihadist arrested in Spain

The Moroccan central Bureau of judicial investigations (BCIJ) on Tuesday dismantled a cell presented as loyal to the Daesh terrorist group and as having links to another network that was dismantled in December last year in a joint operation by the Moroccan and Spanish authorities. Under the General Directorate of Territorial Surveillance (DGST), BCIJ used […]