press freedom in Algeria at stake

Ryanair to operate flights to Marrakech and Agadir in Summer

Ryanair has scheduled Morocco on its 2022 summer schedule with tourist hubs Marrakech and Agadir on top of the list. The news came as a denial of a report by Maghreb Intelligence news outlet saying the company plans a withdrawal from Morocco which has shut its borders to passenger traffic due to the surge in […]

South Africa’s Rand depreciates after poll showing Zuma’s political return

A Bloomberg report on a poll showing a drop in ANC popularity ahead of the upcoming elections was enough to plunge South Africa’s currency, the Rand. The poll revealed that corruption-plagued ANC will face its first-ever electoral test since apartheid due to a surge in support for former president Jacob Zuma and his uMkhonto Wesizwe […]

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 […]