SUDAN-POLITICS-BLAST

Ghana raises cocoa prices by over 50%

Ghana’s president ordered an increase in farmgate cocoa prices by 58% amid a drop in output due to climate change. Ghana is the world’s second largest cocoa producer with 15% of global output of the key ingredient for chocolate production. “The increase in the producer price of cocoa has become necessary to enhance the income […]

Etihad Airways to resume flights to Rabat on June 23 as Kingdom joins green list

Abu Dhabi-based Etihad Airways will resume flying to capital Rabat as of June 23 as the UAE officials have added Morocco to the green list from where incoming passengers do not need to quarantine upon arrival, Gulf Business reports. The twice weekly flights to Rabat will be operated by a Boeing 787-9 Dreamliner. The North […]

Morocco’s OCP Group raises $2 billion from bonds sale

Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]