IGAD

OCP Raises 5 Billion Dirhams in Perpetual Bond Issue Fully Placed with Institutional Investors

OCP Group, the Moroccan phosphate giant, has completed a 5 billion dirham issue of perpetual subordinated bonds through a public offering fully subscribed by domestic institutional investors. The transaction reinforces the group’s economic equity and financial flexibility, and sits within its broader strategy of proactive capital management in support of its industrial transformation and sustainable […]

More countries support Moroccan operation in Guergarate to restore peace and security in the Maghreb and Sahel region

The blocking of the free movement of people and goods by the “polisario” undermines peace and security in the Maghreb and Sahel region, said the deputy speaker of the Czech Chamber of Deputies (lower house) and Chairman of the Czech-Morocco Friendship Group Vojtech Filip.   The blocking of the free movement of people and goods […]

AfDB calls for more investment in agriculture to tackle Africa’s ‘great paradox of development’

Africa Development Bank (AfDB) has announced the launch of the Special Agro-Industrial Processing Zones Alliance (SAPZ) to mobilize at least $2 billion in financing and investment commitments from its members to develop the continent’s food and agribusiness industry over the next five years. The project has been hailed as a significant step towards making Africa […]