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Moroccan banks gain ground as European lenders retreat from Africa

In just two decades, the financial dynamics of sub-Saharan Africa have undergone a seismic shift. European banks, once dominant in the region, are retreating, leaving room for African institutions—led by Moroccan banks—to expand their influence and reshape the landscape of African banking. European......

Société Générale exits Mauritania as French banks retreat from Africa

Société Générale’s latest divestment in Africa A consortium of investors, including Enko Capital and Oronte, has finalized the acquisition of Société Générale’s Mauritanian retail banking subsidiary. Announced on Monday, this move marks......

Fez-Meknes secures vice-presidency in African-Francophone business alliance

Hamza Benabdellah, president of the Fez-Meknes Chamber of Commerce, Industry and Services (CCIS), has been elected vice-president of the Permanent Conference of African and Francophone Consular Chambers (CPCCAF). The announcement came during the organization’s 49th General Assembly, held in Fez,......

Gilles Fromageot appointed new CEO of AXA Morocco and CIMA regional operations

AXA Assurance Maroc has announced the appointment of Gilles Fromageot as the new Chief Executive Officer of AXA Morocco and the AXA CIMA regions, which include operations in Cameroon, Côte d’Ivoire, Gabon, and Senegal. The appointment, pending regulatory approvals, is set to take effect on......

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