Page 2 - Moroccan Dirhams News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Morocco-based fintech and rewards startup WafR, has raised $278,000 at a $7.5 million valuation in a funding round led by UM6P Ventures,...

Sanlam plans to spend R2 billion to acquire an additional stake in SAHAM Assurance Maroc. The insurer spent US$1.1 billion in 2018 buying the Saham Group. However, it wrote down R5.8 billion of its stake in Saham in 2020. After a trying year that forced Sanlam to write down R5.8 billion of its stake in Saham, the insurer has decided to pour more money into the Moroccan general insurer. The local life insurer already owns 100% of Saham, but now it wants to increase its stake in Saham Assurance Maroc to 84.5% from 61.7% it already held through Sanlam Emerging Markets (SEM). Sanlam will pay 1....

Payments , M&A Deals 09:38 am HPS Group today announces the completion of the acquisition of ICPS in Mauritius, which was first announced on February 9 th, 2021. Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and ICPS proceeded on April 7 th 2021 to sign the reiterative deed of sale related to 80% of the shares of the company ICPS. ICPS provides payment processing services for banks and other financial institutions, as well as telecom operators, and has a rich portfolio of more than 30 clients ...