Mounia-boucetta at parliament

Morocco’s King renews commitment towards the underprivileged

King Mohammed VI of Morocco has renewed commitment towards the underprivileged and marginalized populations that still live in dire conditions despite all the development efforts exerted throughout the country and called for innovative solutions to snatch this category out of the grips of poverty. “All that has been achieved, no matter how significant it is, […]

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]

OCP Buys 50% Stake in GlobalFeed from Spanish Fertinagro Biotech

Moroccan state-owned Phosphate giant, OCP Group, announced on Monday it acquired 50% stake of GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizers producer. “This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable […]