Phosphates: Moroccan OCP Group to Set Up Fertilizer Company in Rwanda

OCP Africa, a subsidiary of the Moroccan State-owned Phosphate OCP group, will set up a $ 6.3 million joint venture dubbed “Rwanda Fertilizer Company”, according to Maghreb Intelligence magazine. The OCP will have a 57.4 pc majority stakes in the company, while Agro Processing Trust Corporation Ltd (APTC) will hold 30 pc and the State […]

Morocco’s dam filling rate improves to 32% on recent rain and snowfall

Morocco’s water reserves have received a significant boost following heavy rainfall between December 15 and 17, with national dam storage increasing by 119 million cubic meters, raising the overall filling rate from 31.5% to 32.2%. According to official figures, total reserves now stand at 5.4 billion cubic meters, compared to 5.281 billion cubic meters earlier […]

Egypt opens Rafah crossing with Gaza for first time in months

Egypt Tuesday re-opened for the first time in months Rafah, the only exit point for Palestinians in the enclaved territory of Gaza, closed since March owing to covid-19 pandemic. The border crossing will remain open for three days, according to the Interior Ministry. “Egyptian authorities opened the crossing exceptionally after a five-month closure.” Gaza residents […]