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African Union: the battle of the giants

African Union: the battle of the giants
Cabo Delgado: a gas Eldorado and security nightmare

Cabo Delgado: a gas Eldorado and security nightmare
The ANC's fierce leadership contest

The ANC's fierce leadership contest
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MOROCCO

Mahdi El Majidi eyes security market with Delta Drone

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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. [...]
Drones, artificial intelligence and privileged access to companies controlled by royal holding company Al Mada. These are the key assets [...] (464 words)
Issue dated 13/02/2020 Reading time 2 minutes
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Further reading
MOROCCO 06/12/2021

King Hicham Naciri's lawyer comes to the rescue of Autoroutes du Maroc against Finetis and the Majidi clan 

The ICSID arbitration tribunal is due to settle a dispute between the state agency and Finetis, which operates the fibre optic network installed along motorways. The French group has close ties to the king's private secretary, Mounir al-Majidi, and his brother, the businessman Mahdi al-Majidi. [...]
Lawyer Hicham Naciri at the Casablanca stock exchange, 25 November 2015.
Lawyer Hicham Naciri at the Casablanca stock exchange, 25 November 2015. © Mohamed Drissi Kamili/Story&Brands
King Mohammed VI of Morocco. © Niviere David/ABACAPRESS.COM/Reuters
Focus
MOROCCO 01/06/2020

Mohammed VI to recapitalise his Al Mada holding company with funds from farmers' mutual insurance group 

Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past. [...]

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