OCP Africa

Egypt: Will tourists come back to the rescue of an ailing economy?

In 2010, Egypt ranked among the 20 top tourism countries in the world with a honourable 18th place. A year later, the Arab spring swept over Egypt, scaring away the 14 million international tourists who visits the country yearly. In 2011, the revolution that toppled President Hosni Moubarak dealt a serious blow to the tourism […]

Newsweek describes Morocco’s strategy to expand its high-speed rail network as “ambitious”

Newsweek has described Morocco’s strategy to enhance its high-speed rail network by 2040, as “ambitious”, noting that this strategy positions the Kingdom to extend its lead as Africa’s leader in rail. Morocco already has Africa’s only operational high-speed rail line and is intent on expanding and modernizing the network, the magazine stated, noting that this […]

OPEC Fund lends Morocco $100 Mln for financial inclusion & digital entrepreneurship

The OPEC Fund for International Development has lent Morocco $100 million to enhance financial inclusion, modernize the economy and mitigate the impact of Covid-19 pandemic. The loan, supported by the World Bank, will enable Morocco implement reforms to provide households and firms with affordable, transparent and sustainable financial services. It aims to ensure financial inclusion […]