Libya
Young Libyans gear up for their first ever election
Young Libyans have mobilized for Saturday's municipal elections, the first time many will vote in the fractured North
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Societe Generale announced on Friday its agreement to sell its major banking and insurance holdings in Morocco to Moroccan Saham Group for 745 million euros ($797.45 million).
The transaction includes a 57.67% stake in Société Générale Marocaine de Banques and its subsidiaries, alongside a complete divestiture of its stakes in La Marocaine Vie, managed by Sogecap, SocGen's life and savings insurance division.
This move is part of Societe Generale's broader strategy to divest non-core assets, which saw its shares rise over 2%.
The announcement follows the recent sale of its professional equipment financing business to BPCE for 1.1 billion euros.
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Tunisia
Naval exercise Phoenix Express wraps up in Tunisia
Phoenix Express operations ended Friday, after a 12-day exercise that brought together North African, European, and U.S. maritime forces
Algeria
Algeria, Angola and Côte d’Ivoire added to the Financial Action Task Force’s “grey list”
According to African Business Magazine, Algeria, Angola and Côte d’Ivoire have all been added to the Financial Action Task
Morocco
Morocco sends fleet of cleaning trucks to help flood relief efforts in Spain
According to local media Morocco has sent a fleet of 12 “Hydrocurer” cleaning trucks to Spain to assist with cleaning
Opinion
The ‘Fez Action Plan’ and why it still resonates
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