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Morocco, serious African contender for hosting F1 Race
Morocco is poised to enter race for hosting the prestigious Formula-One among two other African candidates, South Africa and Rwanda, vying for the event. To enhance its chances, the North African Kingdom has a $1.2 billion project, sited 20 kilometres south of the coastal city of Tangiers, according to online motorsport website “RacingNews365”. The Moroccan […]
Rwanda accuses DRC jet of violating airspace after talks to resolve conflict
The Rwandan government said a Congolese army fighter jet violated its airspace on Monday (7 November), just 48 hours after a deal to defuse rising tensions between the two countries. A joint statement released late on Saturday (5 November) following talks between officials from the Democratic Republic of Congo (DRC) and Rwanda said both sides […]
OCP’s 2017 Revenues Hit 48.5 bln Dirham
Morocco’s state-owned phosphates giant (OCP) said its revenues grew 14% in 2017 to reach 48.5 billion dirhams compared to 42.48 billion in 2016. OCP’s phosphates rock sales increased 40% while the group’s revenues from selling fertilizers jumped 24% compared to 2016. This performance helped the OCP offset a fall in international prices, the company said […]



