CHAN 2018

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

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’s 2023 GDP rises to $146 billion- statistics agency

Morocco’s 2023 gross domestic product grew to $146 billion, after posting a more than expected growth rate at 3.4%, despite the impact of drought and inflation, the statistics agency, HCP, said. The performance came on the back of a growth in non-agricultural activity by 3.5% and a 1.4% growth in the farming sector, as lack […]

Morocco-Mauritania: Rabat regrets Mauritania’s reckless action

Rabat has summoned Mauritanian ambassador to Morocco to protest against hoisting of the Mauritanian flag by Mauritanian soldiers in the border town of Lagouira, South of Morocco, reports say. “Rabat is extremely displeased with Mauritanian soldiers’ who hoisted their country’s flag on a territory that entirely belongs to the kingdom of Morocco,” Moroccan daily Akhbar […]