IMF

Morocco’s King: Social justice & combating inter-regional disparities are not empty slogans but strategic policy

King Mohammed VI has affirmed that social justice and combating inter-regional disparities are not empty slogans, nor a temporary priority but a strategic policy. In a speech made Friday on the opening of the Fall session of the parliament, the King, who was accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, said […]

King Mohammed VI Gives Substance to National Water Plan

Few days after announcing a €10.8 billion (115.4 billion MAD) national plan to meet Morocco’s increasing water needs over the next seven year, King Mohammed VI inaugurated a dam near Essaouira worth about €87 million (920 million dirhams). Built on Oued Ksoub, Moulay Abderrahmane dam, with a 65 million m3 capacity, will secure drinking water […]

OCP Buys 50% Stake in GlobalFeed from Spanish Fertinagro Biotech

Moroccan state-owned Phosphate giant, OCP Group, announced on Monday it acquired 50% stake of GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizers producer. “This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable […]