Morocco’s phosphates and fertilizers giant, OCP Group, said its revenue in 2023 stood at 9 billion dollars, down from $11.4 billion a year earlier. OCP explained the performance by a drop of prices from the exceptional levels of 2022, when the war in Ukraine triggered a surge in commodities prices globally. OCP said a drop […]
Morocco has ranked first in North Africa and third in the continent in terms of sustainable economic development, said the London-based Mo Ibrahim Foundation. Sustainable economic development has enabled Morocco to improve its economic governance notes the 2016 Ibrahim Index of African Governance (IIAG) which rates 54 African nations against criteria such as security, human […]
The Egyptian government wants to bring the country back on its feet and has decided to add to its priorities the payment of oil debts to foreign companies that are increasing their exploration and production in Egypt. Foreign companies are owed more than $6 billion and energy subsidies reached an estimated 120 billion Egyptian pounds […]
