54 Capital hires former Al Mada legal director to sort out Addis Pharma
The London-based, Ethiopia-focused fund has recruited Jamila Dahib to run its legal affairs. One of the top priorities of the former employee of Mohammed VI's holding company Al Mada will be to clear up the status of Addis Pharmaceutical Factory, which the war in Tigray has brought to a standstill. [...]
Royal adviser El Himma takes control of TV sector via 2M and Medi 1 TV nationalisation
Through his henchmen, Mohammed VI's political adviser Fouad Ali El Himma has taken charge of the takeover of the 2M and Medi 1 TV channels by public sector broadcasting group SNRT. And he has managed to put one of his supporters in charge of public relations at the interior ministry. [...]
Moulay Rachid casts himself as aviation industry's business angel following Boeing deal
Prince Moulay Rachid, the brother of Mohammed VI, is looking to open up his MAIC fund, set up to finance the creation TDM Aerospace, to Moroccan institutional investors with a view to expanding subcontracting opportunities with Boeing and Airbus. [...]
Behind the scenes of ‘Operation METEC'
Since early November, no fewer than 64 senior executives at the military industrial complex controlled by the TPLF (Tigray People's Liberation Front) have been arrested on suspicion of corruption and human rights abuses. The Indian Ocean Newsletter has the inside [. [...]