boat

Morocco sells $3 bln in triple-tranche bond

Morocco has successfully sold an international bond worth 3 billion dollars composed of three parts, the finance ministry said. The bond is divided into securities of 7 years, 12 and 30 years each worth 750 million dollars, 1 billion dollars and 1.25 billion dollars, the ministry said. The deal is the higher amount raised by […]

Morocco Rejects South Africa’s Seizure of Sahara Phosphate Cargo

The Moroccan government described the South African court decision to maintain seizure of a vessel carrying Sahara phosphates bound for New Zealand as a “violation of international law”. In a statement to the press, Spokesperson for the Moroccan government Mustapha El Khalfi condemned in the strongest terms the ruling by South African court on June […]

AfDB Supports Morocco’s Industrial Acceleration Plan with €268 Million

The board of directors of the African Development Bank (AfDB) group approved a €268 million financing to phase II of the Industrialization Acceleration Support Program in Morocco (PAAIM II), the financial institution announced on Wednesday. The objective of this program is to promote Morocco’s industrial acceleration through the deployment of industrial ecosystems, the improvement of […]