Insurer Sanlam prioritises Kenya, Egypt and Nigeria
Counting on its partnership with German firm Allianz, the financial services specialist Sanlam is continuing to expand its presence on the African continent. Its first target is East Africa.
The man who served as the Moroccoan minister of industry and trade until the formation of Akhannouch's government on 7 October will continue to exert control as adviser to King Mohammed VI. The billionnaire can now also devote more time to his holding company Saham.
The International Education Group, which is jointly owned by industry minister Moulay Hafid Elalamy's Saham group and a South African investment company, is extending its school network. It plans to open a new school shortly in the Netherlands.
The Les Arènes site, where Yamed and princesses Lalla Asmae and Lalla Hasna plan to build a Hilton hotel, was sold to them at an advantageous price by Crédit du Maroc, even though the bank had long planned to build a major complex there itself in Casablanca's most expensive district.