tunisia state of emergency

Morocco’s OCP Group raises $2 billion from bonds sale

Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]

Covid 19: Cautious and gradual reopening of Morocco’s mosques

Moroccan worshipers will be able to attend mosques on July 15 for the five daily prayers except the Friday Prayer but this will be conditioned by strict caution to prevent the coronavirus from spreading, the religious affairs ministry said. The ministry urged anyone with coronavirus symptoms to abstain from going to mosques to protect other […]

Congo’s franc revival: a high-stakes test for African monetary sovereignty

The Democratic Republic of Congo has launched an ambitious plan to reclaim monetary control by reversing decades of deep-rooted dollar dependence. Newly appointed Central Bank Governor André Wameso has placed restoring confidence in the Congolese franc (CDF) at the heart of his mandate. Today, nearly 90% of Congo’s transactions — from mineral exports to daily […]