OCP Africa

Moroccan government expects 4.6% growth in 2025

The Moroccan government is preparing the 2025 budget based on expectations of an economic growth at 4.6% and a budget deficit of 3% of GDP, as it continues to attach priority to social safety nets, investments and employment. This came in the directive of the head of the government regarding the priorities of next year’s […]

Morocco-based Themis to develop 550MW natural gas-fired power plant in Nigeria

Private Equity-backed Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. At a project cost of approximately $600 million, the plant is set to become one of the world’s lowest cost natural gas-fired […]

Tunisia: Lotfi Nagdh’s widow calls on President Essebsi and Nidaa Tounes to step down

Wife of assassinated Nidaa Tounes member and figure Lotfi Nagdh has called on President Caid Essebsi and members of his party to step down as she accused the party of favouring power over justice after a Sousse court cleared culprits and suspects judged responsible of her husband death in 2012. The lower court of Sousse […]