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Morocco’s OCP secures a $350 million loan facility from Afreximbank

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 […]

Tunisia: US State Department green-lights sale of four AT-6Cs

The US State Department has approved the sale of four AT-6C light fighter jets and supporting equipment to Tunisia for total cost of $325.8 million. The US Defense Security Cooperation Agency said the aircraft “will improve Tunisia’s ability to meet current and future threats by increasing their capability and capacity to counter terrorism and other […]

Paris Summit: Morocco among countries committed to ‘Inclusive, Sustainable AI for People & Planet’

The Artificial Intelligence (AI) Action Summit held in Paris Feb.10-11 was marked by debates and brainstorming sessions attended by global leaders and stakeholders. The event resulted in the adoption of a Statement on Inclusive and Sustainable Artificial Intelligence for People and the Planet. Sixty countries and organizations, including Morocco, agreed on “key priorities” to guide […]