IFC – OCP Africa

Madagascar: Two top Army commanders arrested for plotting coup

Two colonels of the Malagasy Army have been detained in prison pending their trial for allegedly plotting a coup and military mutiny in view of botching November 16 elections won by incumbent leader Andry Rajoelina. The two high ranking officers whose identities have not been revealed are detained at the central prison of Tsiafahy after […]

African smallholder coffee farmers’ livelihood jeopardized by new EU deforestation law

Many African smallholder coffee farmers are now finding their main source of income in jeopardy after the European Union announced its plan to outlaw products sourced from deforested areas, which, as critics point out, could penalize so-called smallholder coffee farmers in Africa. In 2023, the EU established mandatory rules, known as EUDR, for companies dealing […]

Morocco’s Foreign Exchange Reserves Stand at 201.5 Bln Dirhams by July 2017

Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]