First Independent Mena Newspaper
Head of Morocco’s BMCE Bank, the third largest bank in the country, criticized the sale of Saham insurance business to South Africa’s Sanlam as detrimental to Morocco’s interest. Speaking at a press conference, head of BMCE Othmane Benjeloun deplored the sale worth $1.1 billion on grounds that South Africa supports the Polisario separatists. “We end […]
Morocco agreed Tuesday to host the first Africa Para Games to take place next year following an agreement with the International Paralympic Committee. The event according to the agreement will take place in January and will gather around 1,200 disabled athletes of the continent in capital Rabat. The athletes will compete in several sports including […]
The US National Basketball Association (NBA), in association with the International Basketball Federation (FIBA), will launch as of January a new African Basketball League that will involve 12 African nations for a yearly tournament, Reuters reports. The first tournament in January 2020 will gather 12 national teams. Angola, Egypt, Morocco, Nigeria, Senegal, and Tunisia will […]
The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]
BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]
Der Mond Group, an Oil and Gas company headquartered in Abu Dhabi, has signed an agreement with Swiss consulting services company Iota Group to open a petroleum academy in Dakar, Senegal. The first oil and gas academy in Senegal is dedicated to train a wide range of professionals from West African countries in the fields […]
The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. The information was disclosed during the fourteenth annual conference of the African Refiners and Distributors Association (ARA), held in Cape Town over the weekend. According to reports from the ARA conference, new prospecting, […]
Negotiations are currently underway between the Moroccan phosphates group OCP and Kenya for the setting up of a fertilizer plant in Kisumu, the third largest city in Kenya after Nairobi and Mombasa. In this connection, the head of the Orange Democracy Movement (ODM), the main opposition party in Kenya, Raila Odinga, is currently visiting Morocco […]
The African Union (AU) has appointed Moroccan national Mohamed Belaich as the Pan-African organization’s Special Representative and Head of the AU Office in Sudan, a statement of the organization said. Ambassador Mohamed Belaich will represent the AU Commission Chairperson Moussa Faki Mahamat in Sudan. Belaich served as ambassador of Morocco to Kuwait, Libya and Sudan. […]
United Nations human rights experts have arrived in Mali to investigate last weekend’s horrific extermination of at least 157 villagers in the central region of the war-torn nation. Armed men wearing traditional Dogon hunters’ clothing surrounded the village at dawn last weekend before attacking people in their homes in Ogossagou in the Mopti region. The […]