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Consumer Boycott Hits Hard Morocco’s Largest Milk Company

A consumer boycott hit Morocco’s market leader for milk, Centrale Danone, which announced laying off temporary contract workers and a 30% reduction in the amount of milk it collects. The boycott started 40 days ago and gained large support among citizens. A survey on L’economiste showed that 42% of Moroccans are boycotting Centrale-Danone along with […]

Morocco, Spain, EU to foster joint action against human trafficking networks

Spain and the EU paid tribute to Morocco’s efforts to curb illegal migration as the three parties agreed to cooperate closely against migrant trafficking networks whom they blamed for the violent crossing attempt into Melilla on June 24. Moroccan authorities said 23 migrants died in a violent crossing attempt after they stormed a narrow border […]

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 […]