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From military glitches to development hitches, discover our ongoing coverage of the power struggles shaping the African continent.
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William Ruto's new order

William Ruto's new order

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Africa in the Russia-Ukraine war

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West African cocoa cartel battles with the traders

West African cocoa cartel battles with the traders

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Morocco
Ex-royal steward Zouhair Fassi Fehri prepares for big year with CMS

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“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]
This year promises to be highly profitable for small construction and engineering firm Construction Management Services (CMS) thanks to its [...]
Published on 23.01.2020 at 03:30 GMT Reading time 2 minutes
Business

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