Morocco’s phosphates company, OCP, denounced the “political piracy’” practiced by South Africa, which has been detaining the vessel Cherry Blossom loaded with 55,000 tons of Moroccan Sahara phosphates bound for New Zealand for more than 70 days, in a hostile act revealing the striking partiality of Pretoria’s justice system. In a statement, the OCP and […]
Risks, a specialist risk consultancy, published its annual study on trends in global risk and security, The Risk Map, which ranks Morocco as one of the most secure and politically stable countries for business in Africa and the first in the Maghreb region. The map, which highlights different levels of political and security risk, presented […]
Morocco’s phosphate group, OCP, has secured a $350 million loan facility from the African Export-Import Bank (Afreximbank) that will support the Group’s expansion plans across Africa. The Pan-African multilateral EXIM Bank announced earlier this week the signing of the 7-year $350 million term loan facility to provide financing to OCP Group. The bank, through its […]
