Organisation internationale de la francophonie

Making the most of AfCFTA: African businesses bullish on the deal’s benefits

The African business community has maintained its bullish outlook on the benefits of the African Continental Free Trade Area (AfCFTA), as it weathers global instability, mainly due to the Russia-Ukraine war and the after-effects of the COVID-19 pandemic. African business advocacy group the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) has published the results […]

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 […]

Morocco’s Renaissance of Berkane beats South African Orlando Pirates, wins CAF Cup

Morocco’s Renaissance of Berkane won for the second time in its history the Cup of the African Football Confederation, Friday evening, in Uyo in Nigeria. Renaissance Sportive of Berkane (RSB) beat the South African Orlando Pirates in the final by 5 penalty shots to 4 after a 1-1 draw. Following this victory, King Mohammed VI […]