Dakar- Bamako railway

Morocco’s OCP plans international bond sale

Morocco’s phosphates and fertilizers producer OCP plans to issue a dual-tranche bond of 5 and 10 years, Reuters reported. OCP has mandated Citi and JP Morgan to arrange the bond sale, the agency reported without adding details. In February last year, OCP completed the issuance of an additional $300 million bond, linked to the group’s […]

Spain ‘strongly condemns’ acts perpetrated by Polisario elements in front of Moroccan Consulate General in Valencia

The Spanish government has “strongly condemned” the acts of vandalism perpetrated this Sunday by Polisario elements in front of the Consulate General of Morocco in Valencia. “Spain strongly condemns the acts perpetrated on Sunday by some participants in a gathering (…) in front of the Consulate General of Morocco in Valencia,” the Spanish Ministry of […]

IMF secures $330m debt relief for Somalia

The International Monetary Fund (IMF) says it has secured more than $330m in debt relief for Somalia. The African nation has about $5 billion in external debt, accounting for about 100% of its GDP, which the Fund has declared to be unsustainable. The $330m brings the country a crucial step closer to receiving forgiveness for […]