Latest News Maghreb & Middle East
Bank
06/12/2019 at 17h24, by Africa Business+
Bankia follows in the footsteps of Caixa and Banco Sabadell in Morocco
A new Spanish bank is seeking to take advantage of growing trade links between Morocco and Spain.
Bank
04/12/2019 at 18h53, by Africa Business+
Philippe Wattecamps, acting CEO at Banque Tuniso-Koweitienne
The French executive from BPCE will ensure continuity between the Tunisian bank’s former and new owners....
Private Equity
04/12/2019 at 15h43, by Aurelie Benoit
MCP makes its last investment of the year, advised by Asafo and Allen & Overy
The law firm headed by Pascal Agboyibor has advised Mediterrania Capital Partners on its investment...
Automotive equipment manufacturers
04/12/2019 at 15h41, by Africa Business+
FIPA-Tunisia secures investment from Japan’s Sumitomo Corporation ($23m)
The Japanese industrial giant is to open a plant to manufacture automobile cable harnesses. It should...
Logistics
03/12/2019 at 15h19, by Pierre-Olivier Rouaud
Militzer & Munch widens its logistics footprint in Morocco
The Swiss logistics group opens a fourth facility at Tanger Free Zone (TFZ) to keep pace with growth...
Insurance
03/12/2019 at 14h56, by Africa Business+
SocGen moves into the Tunisian insurance market
According to information obtained by Jeune Afrique Business+, the French banking group is set to launch...
Oil & Gas
29/11/2019 at 16h46, by Africa Business+
Chevron/Akwa (Akhannouch family) to combine lubricant production and logistics at a single hub ($31m)
The Afriquia Lubrifiants joint-venture was established in 2006 and is now held in equal parts by the...
Telecoms
29/11/2019 at 16h45, by Quentin Velluet
Nawal Gharmili Sefrioui to head Orange Money Morocco
The French telecoms operator, which is due to launch its mobile payment system in the first quarter...
Industry
26/11/2019 at 15h19, by Pierre-Olivier Rouaud
French automotive parts manufacturer GMD opens a fifth plant in Morocco close to Renault
The €22m investment by Sealynx allows GMD to expand production of rubber seals for automotive manufacturers...
Telecoms & Media
25/11/2019 at 17h07, by Aurelie Benoit
Out-of-home advertising: Pikasso unveiled in Carrefour stores in Morocco
According to our sources, the Lebanese group has recently taken over Greenberry, the pioneering advertising...
Hotel business
20/11/2019 at 17h06, by Africa Business+
Radisson Hotel Group plans to open around ten hotels in Casablanca, Rabat and Tangier
In the meantime, the group is opening its first establishment in Casablanca.
Private Equity
20/11/2019 at 10h03, by Africa Business+
Egypt: major institutional investment in the Lorax SME PE fund ($250 million)
The EBRD, EIB and IFC are to invest almost $100m in the SME-focused fund managed by U.S. firm Lorax...
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