Great Lakes Countries

DRC: Tensions escalate as Kagame pushes for Congo-M23 dialogue

The ongoing crisis in eastern Congo has reached a critical point as M23 rebels strengthen their grip on strategic locations, prompting Rwanda’s President Paul Kagame to advocate for direct negotiations between Congolese authorities and the militant group. The rebels have recently seized control of key towns, including Masisi, positioning themselves merely 80 kilometers from Goma, […]

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%, […]

Morocco to extend social protection to 2.5 million handicraftsmen

Some 2.5 million handicraftsmen and their dependents will finally have access to social protection after the government approved a law to enlist them in the private sector pension fund CNSS. The new law was presented by tourism and handicrafts minister Nadia Fettah Alaoui to MPs as part of a reform that aims to fill a […]