Archive for February, 2013

Image of the day : Rallye des Gazelles

Ghana MMA
The Sahara Desert. What comes to mind? Camels? Endless sand dunes?

Maybe the occasional oasis or fleeting mirage? Welcome to the reality that is the Rallye Aïcha des Gazelles, an all-female rally raid through Southern Morocco’s most beautiful and challenging terrain.

A rally raid by definition is a form of long distance off-road racing taking place over several days, with this particular event lasting nine. (more…)

Bois defeats Demchenko

Boxing News 24

Frenchman Patrick Bois is the new World Boxing Federation International Light Heavyweight Champion after winning a unanimous decision over tough Ukrainian Serhiy Demchenko Saturday night, February 23.

The pair fought on a big card promoted by Driss Khelaffi and his Khelladdi Group at the luxurious Mazagan Beach Resort in El Jadida, Morocco.

(more…)

US Marines to Morocco for “African Lion” exercise

World War 4 Report

Submitted by WW4 Report

Under an agreement signed Jan. 30 in the port of Agadir, 1,400 US Marines and 900 Moroccan soldiers will join in April on the North African country’s Atlantic coast for a training exercise dubbed “African Lion.” The joint forces will land more than 200 vehicles at Agadir and advance with weapons and equipment 300 kilometers before returning to the starting point where they will disassemble the equipment for re-embarkation within 24 hours. The forces will deploy long-range missiles that can reach targets more than 60 kilometers away accurately—a first for an exercise involving Morocco. (more…)

‘Fresh fighting’ in northern Mali

AFP/File Joel Saget

Tuareg militias battled Arab rebels in northern Mali Saturday, while French jets, US drones and Chad’s elite desert forces were also in action in a major push to stamp out resistance from pockets of Islamist fighters.

After recapturing the north’s cities from the Al Qaeda groups that had controlled them since April 2012, the six-week-old French-led offensive took the fight to the retreating Islamist insurgents’ toughest desert bastions. (more…)

Morocco to host N.Africa investment conference

BY OUR BUSINESS BUREAU

MARRAKECH/PARIS: The first edition of the World Investment Conference North Africa, organised in collaboration with the Moroccan Investment Development Agency (MIDA), will be held from March 20 to 22 in the city of Marrakech. This international event will bring together business leaders, national and international investors, and personalities from the economic and political world to share and discuss investment opportunities in North Africa and the Middle East. (more…)

Morocco’s Attijari says one-off items cap 2012 profits

RABAT, Feb 22 (Reuters) – Morocco’s biggest lender, AttijariWafa Bank , said on Friday its net profit edged up 1 percent to 4.5 billion dirhams ($531.47 million) last year, held back by one-off items.

Contributions to a solidarity fund imposed on banks by the government to fight poverty pulled net income down by 120 million dirhams, while provisions to hedge for political instability in Tunisia and Ivory Coast lopped off another 118 million, the bank said in a statement. (more…)

Morocco’s SNI sells stakes in dairy, biscuit companies

Reuters

LONDON, Feb 22 (Reuters) – The investment vehicle of Morocco’s royal family, SNI, sold a 37.7 percent stake in dairy firm Centrale Laitiere to French partner Danone in a block trade on Friday, traders said.

Danone had agreed to pay 550 million euros ($727.23 million)to take control of Morocco’s top dairy product maker to increase its exposure to North Africa as sales in southern Europe weaken. (more…)

Skiing in Morocco? Welcome to the snows of Africa

Bert Archer, Special to National Post

The Alps? Try the Atlas Mountains, and the Michlifen Ifrane hotel to be more specific. Bert Archer

I went to Ifrane because I had never heard of Ifrane. I was in Morocco for something else – a music and [external] surfing festivalseveral hours’ flight south in the Sahara in Dakhla, concocted by the king in order, I suspect, to put his brand on the otherwise disputed area sometimes known as Western Sahara — but since I was going to be in the neighbourhood, I figured I should look around a bit. (more…)

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