Africa UBA

Morocco’s OCP Group to set up a fertilizer plant in Kenya

Negotiations are currently underway between the Moroccan phosphates group OCP and Kenya for the setting up of a fertilizer plant in Kisumu, the third largest city in Kenya after Nairobi and Mombasa. In this connection, the head of the Orange Democracy Movement (ODM), the main opposition party in Kenya, Raila Odinga, is currently visiting Morocco […]

Morocco to host inaugural Africa-Atlantic Summit in 2026

Morocco will host the first Africa-Atlantic Summit for Common Development in March 2026, creating a strategic platform for dialogue and joint action between African Atlantic coastal nations, Sahara and Sahel countries, and their Mediterranean partners. The announcement came following an agreement signed Thursday in Johannesburg between the Mediterranean Development Center (MEDEV) and DEVAC Invest Africa, […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]