NewsNorth Africa

Wed,04Mar2015

North Africa

Morocco: CGI's house of cards crumbles

CGI’s Rabat headquarters were a scene of drama on 16 October when police burst in to arrest managing director Ali Ghannam. Photo©Hassan Ouazzani for JAThe company's stock is being removed from the market, and two top managers have lost their jobs in the scandal of the Madinat Badès real estate project.

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Africa's electronic transactions grow as card services join mobile market

Photo©ReutersElectronic payment service companies, Visa and MasterCard have launched card services aimed at Africa's growing mobile payment industry.

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Egypt: Cabinet approves investment law

Egyptian Prime Minister Ibrahim Mehleb. Photo©ReutersEgypt's cabinet approved a long-awaited draft law on investment on Wednesday, the prime minister said, aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy.

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Banking: Barclays eyes Nigeria licence as it reports higher full year earnings in Africa

Barclays Africa Group has applied for a Nigerian banking licence and wants to take over the Egypt and Zimbabwe units still ran by its parent company, it said on Tuesday after reporting higher profits.

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Travel: The forgotten beauty of North Morocco

Photos© Riad Kalaa; Stephane Frances/ Onitworld.Net; Tondini/ Andia.fr; Marouane Photography.wordpress.comMorocco's government has poured billions of dirhams into giving the North a facelift – new bus routes, better roads, better security. When you add this to an economic boom driven by the huge Tanger-Med port complex and car factories, you have a new dynamic in a once decrepit region.

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Egypt could raise up to $2 bn in Eurobond issue

Egypt's Finance Minister Hany Kadry Dimian.Egypt could raise as much as $2 billion through a Eurobond this year and expects economic growth of close to 7 percent in three years' time, Finance Minister Hany Kadry Dimian said on Friday.

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