Morocco’s Bank of Africa reports $260 mln profit in 2023

Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%.   African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said.   Bank of Africa, previously known as […]

Libya: dialogue agreement text not amendable, Kobler

Libyan political protagonists are facing a hard choice or rather left without a choice after UNSMIL new head Martin Kobler said he would not reopen fresh talks on the final agreement reached by his predecessor Bernardino Leon and that the text was not amendable. Kobler spent the week urging Libyan political protagonists to endorse the […]

OCP Awards £25 Mln Contract to Scottish Weir for Sustainable Solutions in Greenfield Phosphate Projects

Morocco’s OCP group has selected Scottish mining technology Company Weir to provide energy efficient, sustainable solutions to the next phase of OCP’s Benguerir and Louta greenfield phosphate projects. Under a £25 million contract, Weir pledges to support the continued construction of the Louta project and the trebling of production from the Benguerir project, where Weir […]