First Independent Mena Newspaper
ape-Town based insurer Sanlam said it will fully acquire Morocco’s SAHAM group insurance business in Africa in a $1.05 billion deal. The deal will give Sanlam access to SAHAM’s 26 markets across North Africa, the Middle East and West Africa and builds on its business that spans 11 African countries, India and Malaysia. SAHAM Finances, […]
An alliance of terrorist groups loyal to Al-Qaeda and led by Malian Jihadist Iyad Ag Ghali claimed responsibility for the simultaneous attacks on the military headquarters of Burkina Faso and the French Embassy in Ouagadougou. The group said that the attack is a retaliation against France, which has launched an operation against terrorists in northern […]
OCP Africa, a subsidiary of the Moroccan Phosphate OCP group, has delivered 32,000 tons of Diammonium Phosphate (DAP) to Tanzania, after a previous shipment of 23,500 tons of this phosphorus fertilizer. These shipments of DAP show OCP Africa’s commitment to guaranteeing to the farmers of this African country access to fertilizers at competitive prices. They […]
Zambia has severed ties with the SADR separatist entity and will inform international organizations of its final decision, said Zambia’s Foreign Minister Harry Kabala. Kabala, who was speaking at a press conference in Rabat together with Morocco’s Foreign Minister Nasser Bourita, lauded the ever-growing cooperation ties between his country and Morocco notably after the milestone […]
A Moroccan ministerial delegation is taking part in the “Save Lake Chad” conference, which opened in Abuja on February 26 with the aim to raise funds and gather efforts to address the environmental, human and security challenges facing the region. The delegation, sent upon Royal Instructions, includes Agriculture and Fisheries Minister, Aziz Akhannouch and Minister […]
Chairman of Casablanca Finance City Authority (CFCA), Said Ibrahimi, sees positive prospects in the horizons as CFC strengthens its position as Africa’s leading financial hub. Speaking at press conference Ibrahimi said that members of Casablanca Finance City (CFC) have so far contributed 75% of the overall investments carried out by Morocco in Africa. He said […]
Morocco has reiterated its firm commitment to security and stability in the Sahel calling for a triangular cooperation (Morocco-EU-Sahel) benefiting the region. Speaking at the International High-Level Conference on Sahel, held Friday in Brussels, Morocco’s foreign minister, Nasser Bourita underscored the priority given to the Sahel in Morocco’s foreign policy as evidenced by the multiple […]
As was expected, a high court in South Africa delivered a politicized verdict giving ownership of the 50,000-ton Phosphate cargo on board bulk carrier Cherry Blossom to the Polisario separatists. Bound for New Zealand, the ship was held in Port Elizabeth for almost a year after the Polisario challenged the legality of the transaction in […]
Speaker of Benin’s National Assembly Adrien Houngbedji reaffirmed his country’s support for Morocco’s bid to join the Community of West African States (ECOWAS). “Just as did the (Beninese) government, we (the parliament of Benin) welcome the will expressed by Morocco to join ECOWAS,” Houngbedji told the press following talks in Rabat with Foreign Minister Nasser […]
Banque Centrale Populaire (BCP), one of Morocco’s three biggest lenders, continues its expansion in Africa with the acquisition of Banque des Mascareigne in Madagascar and the opening of a subsidiary in Mauritius, thus becoming the first Moroccan bank to operate in the island. With this acquisition, BCP reinforces footprint in the Indian Ocean as part […]