Morocco’s Phosphates Revenues Stood at 42 billion Dirhams in 2016

The consolidated revenues of Morocco’s state-run phosphates company, Office Chérifien de Phosphate (OCP), fell to 42.47 billion dirhams in 2016, compared to 47.73 billion dirhams in 2015. The OCP, the world’s leading phosphates exporter, imputed the drop to the slide in phosphate and fertilizer prices, prompting efforts to increase production and cut costs to counter […]

Morocco’s King Deplores Exclusion of Many Youths, Calls for Innovative Action to Unleash their Potential

King Mohammed VI has deplored the exclusion and unemployment affecting many youths, pointing out that the progress witnessed in Morocco does not benefit all citizens, especially young people, who account for more than a third of the population and who should be seen as the engine of growth. “Despite the efforts made, I do not […]

Word Bank, IMF loan Côte d’Ivoire over €550 million for development projects

Côte d’Ivoire has secured two loans worth nearly €560 million from the World Bank and the International Monetary Fund (IMF) for the financing of two development projects. The first credit, 282.8 million euros, concerns inclusive sustainable development project for secondary cities while the second estimated at 276.9 million euros will be used to finance the […]