Sudanese returnees from Libya

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]

Algeria’s endorsement of separatism, a regional destabilizing act- Moroccan FM

Morocco has reiterated its condemnation of Algeria’s support for the separatist Polisario militia as a regional destabilization act. “A Neighboring country continues to fuel separatism and to divert the resources of its people to fund regional destabilization acts,” Foreign Minister Nasser Bourita said via videoconference at the summit of the Non Aligned Movement contact group. […]