The government of Brazil has praised the “serious and credible” efforts made by Morocco for a lasting resolution of the Sahara regional conflict. The remarks were made by Brazil’s foreign minister Carlos Alberto Franco França during a phone talk Monday with his Moroccan peer Nasser. Carlos Alberto also reaffirmed his country’s support for the UN-led […]
L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]
Morocco will spend 38 billion dirhams, or 4.32 billion dollars, to expand and modernize its airports in anticipation of a growth in tourist arrivals ahead of the 2030 World Cup. The money will be spent on the airports of Casablanca, Marrakesh, Agadir, Tangier, and Fez. The investment is part of a deal between the government […]
