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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 […]

Algeria: Three members of former powerful intelligence service sentenced to death

A military court in Blida, 45 km South-west of Algiers, has pressed death sentence against three members of the former powerful Security and Intelligence Directorate (DRS) for providing intelligence to foreign countries. Former President Abdelaziz Bouetflika had dismantled the DRS few years ago and put the institution’s powerful head, Mohamed Mediene, aka Toufik, on retirement. […]

Ex-Tunisian PM Fakhfakh indicted for illicit enrichment

A court in Tunisia has indicted former Prime Minister Elyes Fakhfakh for illicit enrichment during his tenure in power from February to September 2020 after which he was forced to step down over accusation of conflict of interest. According to the communication office of Tunis court of first instance, the former Premier who has been […]