COMESA road funds

Morocco increases defense budget as it prepares for industrialization

The Moroccan government increased the budget allocated for defense to 133 billion dirhams ($13.5 bln) as it prepares to promote defense industries and upgrade equipment, as shown in the draft budget for 2025. This year, Morocco’s defense budget was at 124 billion dirhams, highlighting the country’s efforts to modernize its army with state-of-the art technologies. […]

Kenyan Justice terminates case against Morocco’s OCP

A kenyan court dropped charges against Morocco’s phosphates giant OCP over alleged mercure presence in its fertilizers. The court also withdrew criminal charges against OCP officials and ordered the release of the fertilizers cargo that was held at Ballore Warehouse. Some Kenyan news portals said the termination came after parties entered a plea bargaining agreement. […]

UK-Africa Investment Summit: 27 Commercial Deals Sealed

The UK-Africa Investment Summit hosted by Prime Minister Boris Johnson in London on Monday highlighted by the signing of 27 commercial deals worth over £6.5 billion.   The numbers were revealed by the UK’s Department for International Development and the Department for International Trade, which have published a summary of the 27 commercial deals signed […]