tagresults
Oland Group inaugure quatre nouvelles lignes de production de fromage fondu à Casablanca
L’industriel marocain spécialisé dans l’agroalimentaire, Oland Group, a inauguré quatre nouvelles lignes dédiées à la production de fromage fondu, dans le cadre d’une convention étatique pour la promotion du made in Morocco.
L’assureur marocain AFMA étend ses activités en Côte d’Ivoire
Après l’acquisition d’une part majoritaire au capital du courtier ivoirien en assurance ACR, le marocain AFMA s’installe dans ce pays ouest-africain, et y implante une nouvelle structure. Dénommée ACR AFMA, elle évoluera dans le marché ivoirien du courtage en assurance.
Hotpack grows its foothold in Morocco
Hotpack Global announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding through its investment arm, Best Financiers.
[Maroc] AfDB 57 millions d’euros de financement pour la réalisation du complexe portuaire Nador West Med
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un financement additionnel de 57 millions d’euros en faveur du Maroc pour contribuer au financement de la construction du complexe portuaire de Nador West Med.
Le Tchad et le Niger bénéficieront de l’expertise du Maroc dans la protection des données personnelles
La semaine dernière, la Commission nationale de contrôle de la protection des données à caractère personnel (CNDP) du Maroc a accepté de partager son expertise avec ses consoeurs du Tchad et du Niger.
Chariot annonce avoir mobilisé 25,5 millions $ pour le gaz d’Anchois
Chariot Oil and Gas, a annoncé qu’elle vient de mobiliser une somme de 25,5 millions de dollars par le biais d’une émission d’actions de 113,3 millions d’actions au prix de 18 pence chacune.
Skaleet and Mobiblanc announce partnership for a cutting-edge technology to serve banks across Africa
Skaleet has partnered with Mobiblanc to offer turnkey solutions to financial institutions across Africa.
Africa Hospitality Investment Forum (AHIF) returns to Morocco
The Africa Hospitality Investment Forum (AHIF) will return as an in-person event in 2022, taking place on 2 – 4 November, at the luxurious Fairmont Taghazout Bay.
Transnational Africa Green Hydrogen alliance launched
Six African countries have joined forces to launch the Africa Green Hydrogen Alliance to collectively scale-up investment and development across the continent’s burgeoning green hydrogen landscape.
Oracle Opens New Research and Development Lab in Morocco
Oracle has announced plans to establish a new branch of Oracle Labs, Oracle's advanced research arm, at Casanearshore Park in Casablanca Morocco.
Autochek acquires Morocco’s KIFAL Auto to drive North Africa expansion
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, Morocco’s leading automotive technology startup, to drive its expansion into North Africa.
Le groupe Attijariwafa bank s’installe au Tchad
Le groupe Attijariwafa bank consolide sa présence dans la zone CEMAC (Communauté Economique et Monétaire de l’Afrique Centrale) et crée une nouvelle filiale au Tchad dénommée Attijari bank Tchad.
Is Africa ready for green growth? AfDB assesses some countries
A new report co-authored by the African Development Bank and the Global Green Growth Institute, has found evidence of growing political commitment to green growth in Africa.
EBRD, ANP partner to promote climate resilience of Moroccan port sector
The European Bank for Reconstruction and Development (EBRD) is enhancing the climate resilience of ports along Morocco’s Atlantic coastline by providing a €40 million loan to Agence Nationale des Ports (ANP).
EBRD, BOA join forces to develop green sustainable finance framework in Morocco
The European Bank for Reconstruction and Development (EBRD) and Bank of Africa (BOA) signed a technical cooperation agreement to develop a green sustainable finance framework to support Morocco’s financial system.
[Morocco] Atos And Inwi support Umnia Bank in transformation of its information system
Atos and inwi announced that they are supporting Umnia Bank, Morocco’s participatory bank, as part of the outsourcing programme for its information system, a key step in the development of its IT infrastructure.
Le Maroc se dote d’une nouvelle plateforme dédiée à l’apprentissage numérique
Academia Raqmya, plateforme nationale e-learning est une initiative de l’ADD. Elle vise à renforcer les compétences du capital humain en matière de savoir et connaissances dans les différents métiers du digital, et à promouvoir l’apprentissage via les outils technologiques. innovants.
[MAROC] Renault en tête sur marché de l'automobile
Sur un marché marocain de l’automobile qui continue d’être impacté par des défis d’approvisionnement en certaines pièces, le groupe français Renault continue de dominer.
World Bank approves $400m program to support Morocco’s social protection response and reform
The World Bank approved a $400 million program to support Morocco’ social protection system, as part of the kingdom’s sweeping reforms to strengthen its social safety nets.
EBRD, EU and partners support green investments in Morocco
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green investments by the private sector to strengthen Morocco’s economic recovery.
IFC, AMMC join forces to increase availability of sustainable finance in Morocco
IFC signed an agreement with the Moroccan Capital Market Authority (AMMC) that will help companies enhance their reporting on environmental, social, and governance (ESG) practices, paving the way for more green investments.
[Morocco] IFC, Marrakech-Safi join forces to boost region’s investment potential
IFC is expanding the scope of its support to subnational entities in Morocco through a new partnership with the Wilaya of the Region of Marrakech-Safi and the Regional Investment Center, to attract more investment and improve the business environment.
EBRD, Crédit Agricole du Maroc partner to boost trade in Morocco
The European Bank for Reconstruction and Development (EBRD) is boosting trade in Morocco with a $20 million trade finance limit to Crédit Agricole du Maroc, a leading local bank.
[Morocco] MFS Africa partners with inwi Money to deepen international money transfers
MFS Africa has announced a partnership with Moroccan mobile money provider inwi money, bringing smooth and affordable international digital money transfers and payments to Morocco.
EBRD supports infrastructure services in Morocco
The European Bank for Reconstruction and Development (EBRD) is supporting the delivery of vital infrastructure services in Morocco with a €300 million financing package to state-owned utility and transport companies.
EIB, al Amana Microfinance partner to support micro-enterprises in Morocco
The European Investment Bank (EIB), and al Amana Microfinance announced the signature of a €3 million finance contract supporting access to financing and the development of Moroccan micro-enterprises.
EIB releases €100m in emergency funding to help Morocco combat COVID-19
The Moroccan Minister of Economy, Finance and Administration Reform and the Vice-President of the EIB announced the release of €100 million to finance the Kingdom of Morocco’s most urgent requirements as it deals with the COVID-19 pandemic.
Mediterrania Capital Partners exits Morocco's Cash Plus
Mediterrania Capital Partners announced the sale of its remaining stake in Cash Plus, the largest independent money transfer company in Morocco.
Mauritius and Morocco join African Development Bank's Bloomberg bond index
The African Development Bank announced the addition of Mauritius and Morocco to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market.
DFC announces initiatives to expand U.S. investment and development in Morocco
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
EBRD, GCF boost green economy and value chains in Morocco
The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF), is promoting the competitiveness of small businesses and investments in the green economy in Morocco.
IFC signs $30m financing agreement to improve Morocco's infrastructure
IFC signed $30 million financing agreement to support Morocco’s Fes-Meknès region expand and upgrade its rural road network, reducing regional inequalities and helping people in remote communities access jobs and social services.
Helios partners with BIM to invest in BIM’s Moroccan business
Helios Investment Partners, Africa-focused private investment firm, announced a partnership with BİM BİRLEŞİK MAĞAZALAR (BIM), discount grocery retailer in Turkey listed on the Borsa İstanbul, to invest in BIM’s Moroccan business.
[Nigeria Business Week] Andrea Ayemoba: An economic overview for Q1
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
Juniper Biologics signs exclusive license agreement with Helsinn for infigratinib for the emerging markets
Juniper Biologics Pte Ltd, announced the signing of an exclusive license agreement to develop and commercialise infigratinib (INN) in the Middle East and Africa for the treatment of adults.
Nigeria, Morocco working to secure funding for gas pipeline project
Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North Africa and onto European markets, the country's petroleum minister said on Monday.
Adenia and Proparco acquire Overseas Catering Services
Adenia Partners has partnered with Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), to buy Overseas Catering Services a leading corporate catering and related services provider in Africa and the Middle East.
Mauritanie et la CPN s'associent à Energy, Capital & Power pour une stratégie de promotion unifiée
La plateforme d'investissement la plus importante d'Afrique, ECP, a créé une coalition avec le ministère de l'énergie de Mauritanie et la CPN afin d'attirer l'intérêt des parties prenantes étrangères pour de nouveaux projets d'énergies renouvelables et 28 nouveaux blocs offshore fraîchement libérés
[MAROC]: KFC noue un partenariat avec le boulanger mexicain Bimbo
La filiale locale de la chaîne américaine de restauration rapide Kentucky Fried Chicken (KFC) a signé un accord de partenariat avec le groupe mexicain Bimbo, premier boulanger mondial.
Worley obtient un contrat pour fournir des services d'ingénierie pour le projet de gazoduc Nigeria-Maroc.
Worley s'est vu attribuer un contrat pour fournir des services d'ingénierie d'avant-projet détaillé (FEED Phase II) pour le projet de gazoduc Nigeria-Morocco (NMGP). L'étude d'ingénierie progresse conformément à la planification initiale du projet.
Worley awarded contract to provide FEED services for Nigeria-Morocco Gas Pipeline project
Worley has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The engineering study is progressing in accordance with the initial project planning.
[Morocco] Prime Minister estimates 1.5% GDP growth in 2022
Morocco’s GDP growth is seen averaging between 1.5% and 1.7% in 2022, down from the 3.2% that was predicted in the budget law.
succès sur toute la ligne en Afrique et acteur de la transformation digitale
Infobip leader en matière de solutions de communication via le cloud, est devenu en quelques années seulement, un acteur innovant et actif de l’inclusion numérique en Afrique francophone via 4 filiales au Maroc, Sénégal, Cote d’ivoire et RDC.
Thales launches sixth Cyber Security Operations Center in Morocco
Thales announced the opening of a new Cyber Security Operations Center (SOC) in Morocco, the sixth in its international network, to provide real-time protection against cyber-attacks in the country and across the African continent.
UPS partners Africa’s Jumia on e-Commerce distribution network
The partnership gives UPS a stronger presence across Africa starting in Kenya, Morocco, and Nigeria at a time when online retail is surging and expected to continue.
La Banque africaine de développement appuie le Maroc pour renforcer sa résilience climatique
Plus d’un milliard de dollars seront mobilisés pour appuyer les secteurs de l’eau, de l’agriculture, de l’inclusion sociale, du développement humain et des infrastructures au Maroc
La Banque Mondiale soutient l'agriculture résiliente et durable au Maroc
Le Conseil des administrateurs de la Banque Mondiale a approuvé un prêt IPF (Financement de Projets d'Investissement) de 180 millions de dollars US pour soutenir une agriculture résiliente et durable au Maroc.
World Bank supports resilient and sustainable agriculture in Morocco
The World Bank Board of Executive Directors approved a US$180 million IPF (Investment Project Financing) loan to support resilient and sustainable agriculture in Morocco.
Orange inaugure au Maroc avec le 10ème Orange Digital Center en Afrique et au Moyen-Orient
Orange Maroc et la Coopération Allemande ont inauguré aujourd’hui à Rabat le premier « Orange Digital Center » (ODC) du Maroc, un écosystème entièrement dédié au développement des compétences numériques et à l’innovation.
Orange inaugurates in Morocco with 10th Orange Digital Center in Africa and the Middle East
To support the development of new technologies in the Kingdom and make digital more accessible to all, Orange Maroc and the German Cooperation has inaugurated in Rabat, the first “Orange Digital Center” (ODC) in Morocco.
Pan-African biopharmaceutical platform KELIX bio to acquire Morocco-based Pharmaceutical Institute
The acquisition, which will be financed through up to a $200 million second round of funding into KELIX bio led by DPI and CDC/BII, is subject to regulatory approvals in Morocco. It is expected to close in the first quarter of 2022.
Chariot formally awarded Rissana Licence offshore Morocco
Africa focused transitional energy company Chariot, announced it has been formally awarded the Rissana Offshore Licence (Rissana) in Morocco.
Mastercard and CIH mark launch of CIH Pay in Morocco
Mastercard and CIH Bank have hosted a gala evening to mark the launch of the innovative new mobile payment solution in Morocco.
[Morocco] Mastercard partners with CIH Bank to launch mobile payment solution
Through CIH Pay, more than 1.7 million cardholders can now seamlessly digitize their bank cards to pay for purchases through their smartphones.
EBRD supports reform of state-owned enterprises in Morocco
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s reform agenda for state-owned enterprises (SOEs) through technical assistance aimed at developing and implementing a state ownership policy.
Fitch Ratings completes peer review of five major Moroccan banks
Fitch Ratings recently completed a peer review of the Moroccan banks under its coverage, accounting for approximately 77% of Morocco's banking system assets.
Nigeria’s internet speed ranks 16th in Africa, Airtel emerges fastest operator
Nigeria’s Internet speed has been ranked 16th of the 46 countries examined on the continent, with Morocco, South Africa and Tunisia having the fastest mobile download speeds in Africa.
Sound Energy issues notice to proceed with Phase 1 development of Tendrara Concession onshore Morocco
Sound Energy, the energy transition company, announced the issue to Italfluid Geoenergy, of Notice to Proceed in respect of the project contract for the Tendrara Concession mLNG Facilities Onshore Morocco, between the Group and the Contractor.
EBRD, partners provide €25m to Crédit du Maroc to boost Morocco’s green transition
The European Bank for Reconstruction and Development (EBRD), with support from the Green Climate Fund (GCF), and the European Union, is providing a financial package of up to €25 million to Crédit du Maroc to boost Morocco’s green transition.
EBRD provides €12m loan to support competitiveness in Morocco’s automotive sector
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco, with a €12 million loan to Morocco Mobility and Automotive Centre (ATC).
Business Insider features Morocco as one of Africa’s best investment destination in 2022
Morocco has been featured in fifth place on Business Insider’s list of the top best investment destinations in 2022. Morocco’s resilient economy and positive growth prospects all contribute to the country’s strong position as a regional investment hub.
IFC s’associe à la FMIIP pour renforcer la compétitivité du secteur
IFC s'associe à la Fédération Marocaine de l'Industrie et de l'Innovation Pharmaceutiques (FMIIP) en vue d'améliorer l'efficacité et la productivité du secteur et contribuer à atténuer le changement climatique en réduisant la consommation en eau et en énergie.
IFC partners with Moroccan Pharmaceutical Federation to increase productivity
IFC is joining forces with the Moroccan Federation of Pharmaceuticals Industry and Innovation (FMIIP) to help enhance the sector's efficiency and productivity and mitigate climate change by reducing water and energy waste.
Emirates resumes passenger services to and from Casablanca, Morocco
Emirates announced a full return of passenger services to and from Casablanca in Morocco, marking a full restoration of Emirates’ pre-pandemic African network including 21 cities spread across the continent.
EBRD increases support for Moroccan cheese maker Land’Or with €3.5m loan financing
The European Bank for Reconstruction and Development (EBRD) is strengthening its support for the Moroccan agribusiness sector and regional integration, with new financing for Land’Or Maroc Industries (LMI), the Moroccan subsidiary of Land’Or.
Tamwilcom launches Fin-Créa to boost financial inclusion among VSEs in Morocco
Moroccan financial institution Tamwilcom, launched Fin-Créa, a digital platform to further facilitate access of Very Small Enterprises (VSEs) to bank financing.
Ericsson partners with universities in Morocco to boost students’ digital skills
Ericsson has signed agreements with major universities in Morocco to strengthen mutual partnership in areas of Information and Communications Technology (ICT) skills development, career mentoring, training, digital learning, and innovation.
Jumia announces the launch of its second tech center in Egypt
Based on its strategy to provide new tech opportunities for youth and further expand e-commerce, Jumia, the e-commerce leader in Egypt, officially announced the launch of the new Tech Center in Alexandria Governorate.
Morocco fintech startup Chari closes a bridge round to pilot BNPL services with grocery stores in Francophone Africa
Aiming to take a serious step towards the Fintech space, Chari has announced the closing of a bridge round led by the Saudi-based venture capital fund Khwarizmi Ventures (KV), AirAngels (Airbnb Alumni Investors), and Afri Mobility, the venture capital arm of AKWA Group.
Chariot completes gas drilling operations offshore Morocco
Chariot, the Africa focused transitional energy company announced the successful completion of the gas drilling operations on the Anchois gas project within the Lixus licence, offshore Morocco.
Morocco Launches The MoroccoTech Brand, Unveils Ambition To Become A Digital Nation
Morocco has launched a national brand aimed at promoting the nation’s digital sector. Dubbed MoroccoTech, the initiative aims to propel Morocco as a digital hub destination for companies across the globe.
Moroccan economic growth could accelerate with full implementation of broad-based reforms, World Bank
In order to achieve broad-based growth and job creation, the sustained implementation of a multifaceted and ambitious reform agenda will be essential, according to the World Bank’s Morocco Economic Monitor, January 2022.
Allianz appoints Abderrahim Dbich as new CEO for Morocco
Allianz Africa announced the appointment of Abderrahim Dbich as CEO of Allianz Maroc, effective January 1st, 2022. He succeeds Joerg Weber, who will take on new responsibilities in the Allianz group.
Morocco and China sign joint belt and road implementation plan
The minister also highlighted the fact that Morocco was the first country in the Maghreb and among the first in Africa to adhere to the Belt and Road initiative, hence raising the Moroccan-Chinese strategic partnership to a new higher level.
IFC and Proparco invest in bedding maker Dolidol, supporting job creation in Morocco and Nigeria
The financing will support Dolidol's entry into Nigeria, where it plans to purchase Mouka, the country's leading mattress and bedding supplier. Dolidol will also strengthen its distribution network in Nigeria and improve the quantity and quality of bedding products available there. IFC's financing package will be accompanied by advisory services to improve productivity.
Nigeria, Morocco collaborate on solar energy initiative
The Federal Government, in collaboration with Morocco and Jigawa State government, is working towards providing solar powered Initiatives for enhancement of solar power energy.
World Bank approves $450m loan to modernize Morocco's public sector
The World Bank approved $450 million loan to support key governance reforms in Morocco as part of the government’s ambitious strategy to modernize the public sector.
Le Maroc et l'AfDB signent deux accords de prêt de 138 millions d’euros pour renforcer l’inclusion financière
La Banque africaine de développement et les autorités marocaines ont signé deux accords de prêt d’un montant total de 138 millions d’euros pour renforcer l’inclusion financière et sécuriser l’accès à l’eau potable.
Chariot commences drilling operations on the Anchois gas development project offshore Morocco
Chariot, the Africa focused transitional energy company, announced that the Stena Don drilling rig has now arrived on location in the Lixus licence, offshore Morocco, to carry out drilling operations on the Anchois gas development project.
EBRD launches e-learning programme to advance Morocco’s capital markets
The European Bank for Reconstruction (EBRD) is supporting Morocco’s financial system by launching a capital markets e-learning programme in association with Intuition, a digital financial learning provider.
Sound Energy signs gas sales agreement for Phase 2 Tendrara development in Morocco
Sound Energy, the Moroccan focused upstream gas company, announced it has entered into a binding gas sale and purchase agreement in respect of the Phase 2 development of the Tendrara Production Concession with ONEE.
Nokia, UNICEF and Orange Foundation partner to empower young people in Morocco
The UPSHIFT program will empower young people to become resilient citizens who engage more actively with their families, schools, everyday life and contribute to the economy.
Radisson Hotel Group debuts its third brand in Morocco
Radisson Hotel Group and REALITES Groupe announced the signing of Lincoln Casablanca, a Radisson Collection Hotel, debuting Radisson Hotel Group’s third brand in Morocco.
Orange et Le Monde s’associent pour lancer une offre d’abonnement à destination des audiences africaines
Le Monde a conclu un partenariat stratégique avec Orange Afrique et Moyen Orient (OMEA) avec pour objectif d’accélérer la distribution des abonnements au Monde sur le continent Africain.
Institut Pasteur Morocco and Rwanda Biomedical Centre designated as COVID-19 vaccination centers of excellence
Africa CDC has designated two institutions to serve as part of a network of Centres of Excellence (CoE) for COVID-19 vaccination.
Sound Energy announces extension to Phase 1 Development LNG SPA in Morocco
Sound Energy and Afriquia Gaz announced they have agreed an extension to the period during which the contractual conditions precedent to the Phase 1 LNG Sale & Purchase Agreement in Morocco.
Chariot signs strategic partnering MoU for Anchois Gas Development offshore Morocco
Chariot, the Africa focused transitional energy company, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with an international energy group (the “Parties”), for Anchois Gas Development offshore Morocco.
Morocco launches new national investment and export brand: Morocco Now
Morocco has officially unveiled its latest investment and export brand: ‘Morocco Now’, an initiative designed to position Morocco as a world-class industrial and export platform to accelerate foreign investments.
Morocco becomes Africa’s new automotive manufacturing hub
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
Sotheby's International Realty opens first office in Morocco
Sotheby’s International Realty announced the opening of Morocco Sotheby’s International Realty, signifying the brand’s first office in Northern Africa. The addition brings the brand’s total number of affiliated offices in the EMEIA region to nearly 200.
[Morocco] IFC partners with ACAPS to promote digital insurance
As part of this technical assistance program, IFC will support ACAPS in the development of a roadmap to accelerate the digital transformation of the insurance sector, and thus benefit from the rapid development of the digital economy. on the continent.
Chariot signs well services contract with Halliburton for Anchois gas appraisal well offshore Morocco
Chariot, the Africa focused transitional energy company, announced it has signed a binding letter of intent with Halliburton, for services on Chariot’s planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.
Hapag-Lloyd expands presence in Morocco with opening of new office
Hapag-Lloyd announced it opened its own offices in Morocco. With this additional presence in the country, the company continues to realize its growth ambitions in the most attractive markets of North Africa.
Radisson Hotel Group on track to reach 50 hotels in North Africa by 2025
Radisson Hotel Group, one of the world’s leading hotel companies, has set a record in its North African expansion, with the signing of nine hotels, to date this year.
Vertiv lance un hub d'un million de dollars au Maroc
Vertiv, fournisseur mondial d’infrastructures digitales critiques et de solutions de continuité, a annoncé aujourd’hui le lancement d’un hub d’un million de dollars au Maroc.
Chariot signs drilling rig contract for Anchois gas appraisal well offshore Morocco
Chariot, the Africa focused transitional energy company, announced it has signed a contract with Stena Drilling to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.
Vertiv launches million dollar hub in Morocco
Vertiv, a global provider of critical digital infrastructure and continuity solutions, has launched its million dollar hub in Morocco.
Sound Energy awarded extension to Anoual Permits onshore Morocco
Sound Energy, the Moroccan focused upstream gas company announced a 12-month extension to the initial period of the Anoual Exploration Permits, onshore Morocco.
EBRD appoints Antoine Sallé de Chou as new Head of Morocco
The European Bank for Reconstruction and Development (EBRD) has appointed Antoine Sallé de Chou as its new Head of the Bank’s operations in Morocco.
Moroccan Sound Energy completes acquisition of Schlumberger Silk Route Services
Sound Energy, the Moroccan focused upstream gas company announced the completion of the acquisition of the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS), from Schlumberger Holdings II Limited.