First Independent Mena Newspaper
The Moroccan Oulmès water company (LEMO) announced Wednesday it notched a deal with the Benin water company “Eau Techonologie Environnement” (ETE) becoming the main shareholder of ETE with 55%. The deal was signed on August 17 after LEMO clinched 55% shareholding from Cauris Croissance Fund (45.74%) and Christian Mondjanagni (9.26%) founder and shareholder at ETE. […]
Another Mediterranean migrant tragedy occurred Thursday off the Libyan coast when nearly 40 African migrants, including at least seven children, lost their lives while trying to reach Italy. According to the UNHCR, all the victims are believed to have been from sub-Saharan countries such as Senegal, Mali and Benin. Survivors, who were picked up by […]
Maroc-Telecom, the incumbent telecommunications operator in Morocco, announced it has finalized the purchase of the branches it acquired from the United Arab Emirates telecom group Etisalat in Côte d’Ivoire, Togo, Gabon, Benin, Central African Republic and Niger. The deal between the two operators worth over $ 536 million was struck last spring when Etisalat became […]
Morocco’s leading telecommunications group Maroc Telecom or IAM seems upbeat about its growth in 2014 as the financial results for the first half of the current year showed a slight increase compared to the same period last year. The company’s turnover actually reached 14,564 Billion Moroccan dirhams to 14,468 Billion during the same period of […]
Morocco’s leading telecom operator, Maroc Telecom, will acquire six African subsidiaries of its new majority shareholder UAE Etisalat for $ 650 million. By acquiring Itisalat branches in Benin, Côte d’Ivoire, Gabon, Niger, Central African Republic and Togo, the Moroccan operator will expand its activities in the continent and become a genuine telecom “hub” in French-speaking […]
While recently attending a conference in Benin, the crisis in Mali still loomed large. The conflict in Mali had threatened to unravel the entire security situation in the Sahel and Western African nations spent much of the last year bickering whether a military intervention to save Bamako from approaching Islamist militias was feasible. In the […]
Mauritania is under the radar of France Telecom in its expansion plan in Africa and the Middle East region. The head of strategy and development of the company, Elie Girard said they are yet to begin procedures but said it will “be very valuable” if they can “manage to enter Benin, Togo, Burkina and Mauritania.” […]
The 6th International Handifestival will be held from the 1st to the 4th of December in Nouakchott despite the financial difficulties confronting the organizers with less than 25% of the budget acquired. The event is organized by the ‘Nyellitaaré Légnol’ musical group managed by Mohamed Camara who also serves the president of the Mauritanian musicians. […]