ICC

Wafa Assurance launches $100 mln bid to acquire Egypt’s Delta Insurance

Wafa Assurance, one of Morocco’s leading insurance companies, has launched a public takeover bid (OPA) worth 925 million dirhams or $100 million to acquire a controlling stake in Delta Insurance S.A.E., a prominent Egyptian insurer. The bid, filed with Egypt’s Financial Regulatory Authority (FRA) on June 10, targets at least an acquisition threshold of 51%, […]

Italy offers debt relief to African countries hit by climate disasters

Italy announced a plan to allow African countries to suspend debt repayments after extreme climate events, a proposal unveiled by Prime Minister Giorgia Meloni during the second Italy–Africa Summit held on the sidelines of the African Union (AU) meeting in Addis Ababa. The initiative forms part of Italy’s broader Mattei Plan, which allocates €5.5 billion […]

Morocco Launches Incentives to Attract More Industrial Investments

Morocco announced on Monday an ambitious investment reform plan including multiple incentives, in a bid to capitalize on its business climate and political stability to attract more industrial investments. The incentives were revealed during a ceremony in Rabat chaired by King Mohammed VI. They include tax exemption benefiting industrial companies for up to five years, […]