Paris-based multinational financial services company, Société Générale, also known as SocGen, has withdrawn from four African countries, namely Chad, Congo, Equatorial Guinea, and Mauritania. The company announced this Thursday that it has signed agreements with two pan-African banking groups for the sale of its subsidiaries in the four African countries. The company has not disclosed […]
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 […]
A year after the signing of the Morocco-US-Israel deal, Rabat has already started to reap diplomatic and economic benefits, bolstering its clout in the region in favor of peace and stability. The deal to resume ties between Rabat and Tel Aviv was brokered by the Trump administration which recognized Morocco’s sovereignty over the Sahara region […]
