Corporate Affairs
HSBC in North Africa: Going Where the Money Is
In summer 2008, London-based HSBC, one of the world’s largest banking and financial services institutions decided to add Algeria to its list of emerging markets operations. Libya is likely next in line. The decision meant that as of August 2008, the giant bank entered the Algerian market where it launched what it called “a full-service bank.” But is it really a full-service bank with the goal of contributing to economic growth and development or is HSBC focused on international trade operations to enable the flow of money in and out of the country?
HP to Expand in Libyan Market
On November 4th, 2009, US tech giant HP announced its plan to establish new sales and support subsidiaries in Angola and Libya by 2010. By doing so, HP will increase its footprint across Africa to nine subsidiaries (Algeria, Angola, Egypt, Kenya, Libya, Morocco, Nigeria, South Africa, and Tunisia)....Mediterranean School of Business Launches Executive Business Seminar in Tripoli, Libya
Tunis-based Mediterranean School of Business is offering a set of seminars this summer targeted to Libyan managers. MSB, in collaboration with the BT Server Business Management Training Center, is launching four modules, starting with Organization and Change Management, Financial Analysis for Non Financial Managers, Innovation and technology Management, and ending with Marketing and Customer Relationship. Each module will be lectured over a 3 to 4-day session. ...Royal Air Maroc Seeks to Divest from Senegal Airline
Moroccan airline carrier Royal Air Maroc (RAM) is looking to divest from Air Senegal International....Microsoft’s Close Watch of North Africa: Lobbying for IT Upgrades and Strong Anti Piracy Enforcement
The North Africa Journal : With shrinking computer sales, the engine of Microsoft revenue with operating system sales, every penny counts no matter where it comes from. ...BCP Bank and OCP Increase Capital, Swap Shares
The Moroccan phosphate and fertilizer giant relinquished 5.88% of its capital to Banque Centrale Populaire (BCP), in exchange for a 6.62% equity participation in that bank. ...French Drug Maker Opens Tunisian Unit
French drug maker Pierre Fabre has opened a production unit in Tunisia, in partnership with local peer SIPHAT...The Faces of North Africa’s Capitalism
From Old School Entrepreneurs to Technical Experts Leading Maghreb Economies into the 21st Century...Algerian Truck Maker Folding Under Competition
One of Algeria’s oldest and well-known state-owned companies, Société Nationale des Véhicules Industriels (SNVI) is quickly headed to extinction....Aigle Azur Expands Market Share in Algeria
Private carrier Aigle Azur is expanding its services into Algeria, enabling it to gain market share from its current competitors, including the state-owned Air Algérie....What's new
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