Dutch Foreign Minister Stef Bloc

Burkina Faso denies paying Russian mercenaries with gold mine rights granted to Nordgold

Burkina Faso has denied claims that it awarded a mining permit to Nordgold just because it is a Russian company, its mines minister told the media on Sunday (5 February), rebuffing Western concerns that the ruling junta is seeking closer ties with Moscow. Burkina Faso allows all companies to operate in the west African country […]

Morocco rules out drawing on IMF credit line, eyes gradual currency reform

Morocco has no plans to tap funds available under its Flexible Credit Line (FCL) arrangement with the International Monetary Fund, Finance and Economy Minister Nadia Fettah Alaoui said. The IMF approved a new two-year FCL agreement for Morocco on April 2, 2025, worth 3.45 billion Special Drawing Rights (SDRs), or about $4.5 billion, replacing a […]

EBRD to fund OCP’s desalination plan with 200 mln euros

The European Bank for Reconstruction and Development has approved a financing of 200 million euros to support the desalination program of Morocco’s phosphates group, OCP. The loan will finance the construction of two OCP seawater desalination facilities, at its key industrial complexes in El Jadida (Jorf Lasfar) and Safi, the bank said in a statement. […]