European Investment Bank

Mauritania: Investigations ordered against ex-leader Abdelaziz over corruption, mismanagement allegations

Mauritania’s top prosecution Thursday said it ordered an investigation against former President Mohamed Ould Abdelaziz and his entourage after it received a report by a nine-member commission tasked with shedding light on corruption allegations and the country’s management during the 11-year rule of the former strongman. Abdelaziz who left power in August last year, has […]

Morocco’s OCP revenue at $9 bln in 2023

Morocco’s phosphates and fertilizers giant, OCP Group, said its revenue in 2023 stood at 9 billion dollars, down from $11.4 billion a year earlier. OCP explained the performance by a drop of prices from the exceptional levels of 2022, when the war in Ukraine triggered a surge in commodities prices globally. OCP said a drop […]

Burundi: Constitutional Court orders President-elect to be sworn in “as soon as possible”

In Burundi, after the death of President Pierre Nkurunziza earlier last week, the Constitutional Court had to choose between an interim president, namely the Speaker of the National Assembly, in accordance with article 121 of the Constitution, or an interpretation of the Constitution that allows for the immediate induction of the elected president. The suspense […]