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Economy



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......

Maroc Telecom secures $300 million in private bond issuance to fuel 5G and digital expansion

Maroc Telecom has finalized its first private bond issuance on the Moroccan market, raising MAD 3 billion ($300 million) from institutional investors. This milestone marks a pivotal step in the company’s financial strategy, aimed at enhancing its competitive edge in the ever-evolving telecom sector. A......

Algeria’s resource paradox: southern poverty amidst northern wealth

Algeria’s southern regions, rich in natural resources like oil, gas, and minerals, present a stark paradox. While these areas are the backbone of the nation’s economy, they remain impoverished and underdeveloped, raising critical governance and security concerns both domestically and across......

Maroc Telecom Expands Customer Base Amid Market Challenges and Legal Hurdles

Maroc Telecom, Morocco's foremost telecommunications provider, has reported a significant 5.1% increase in its customer base for the first half of 2024, reaching a total of 78.4 million subscribers. This growth comes despite facing stiff competition and legal challenges in its domestic market. The......

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