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Morocco’s OCP becomes first African issuer of dollar hybrid bond, raises 1.5 billion
Morocco’s phosphates and fertilizer giant OCP has raised $1.5 billion through its first international hybrid bond, marking a milestone as the first African corporate to issue a US dollar‑denominated hybrid instrument on global markets. The landmark transaction also helped reopen Middle East and North Africa public primary bond markets, which had been dormant for more […]
Somalia donates Türkiye $5m to attend to victims of earthquakes
Somalia Sunday announced the allocation of $5 million for Türkiye to support victims of the slew of earthquakes that have hit the country. Hamza Abdi Berri, Prime Minister of the African country handed the financial aid to Turkish ambassador during a ceremony held at the national theater in capital Mogadiscio, Anadolu news agency reports. “The […]
Scores of Migrants Storm Spain’s Enclave of Melilla
About 500 people stormed Spain’s North African enclave of Melilla on Tuesday (18 March), which is the largest number to force their way across the border in almost a decade as increasing naval patrols discourage entry into the territory by sea. Spain has two enclaves in Morocco – Melilla and Ceuta – and migrants mainly […]



