Sonatrach

AfDB Lends OCP Group $188 Mln for Green Projects

The African Development Bank has provided Morocco’s OCP Group three loans totaling 188 Million U.S. dollars for green projects planned by the world’s leading producer of phosphate fertilizers. The loan agreements were inked Monday in Rabat by Ousmane Fall, director of Industrialization & Trade Development at AfDB and Karim Lotfi Senhadji, OCP Chief Financial Officer […]

AI Lambasts Algeria for “Hostility” to Refugees & Migrants

Amnesty International has rebuked Algeria over its deplorable human rights record smeared by continuing discrimination against refugees and migrants. In its annual report, the international rights watchdog noted that Algeria failed to improve on human rights at all levels, registering degrading treatment of migrants by Algerian authorities. “Arbitrary arrests, unjustified restrictions, prosecution of members of […]

Egypt : Giant $4 billion Suez Canal II project announced

President Al Sisi has announced that a “giant project” will be launched at a tune of $4billion for the construction of a canal parallel to the Suez Canal. The project is expected to increase trade and also double the country’s earnings by more than 100%. The Suez Canal is an important sea route but militants […]