IFC contributes a €100 million loan to OCP Group’s desalinated water pipeline project

IFC has granted a €100 million loan to OCP Group, contributing thus to complete the desalinated water pipeline to connect Jorf Lasfar to Khouribga, whose construction is progressing well and is expected to be completed soon. The loan will support the construction of a 219 km pipeline and a new pumping station The infrastructure will […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]

African Election Observers Training in Morocco, promoting skills for peace & democracy in continent

Some 120 African election observers from 52 countries of the continent started Monday in Rabat a training session focusing on electoral process in Africa, political dialogue, governance, inclusive democracy, observers code of conduct, duties, methodology and activities. The opening ceremony was co-chaired by Minister of Foreign Affairs Nasser Bourita, and the African Union Commissioner for […]