Morocco-brazil FMs

Abundant rainfall augurs well for 2023 crop year

The recent rainfall across Morocco has dissipated fears of another dry year auguring well for the crop year and filling dams. Farmers in different regions in Morocco bore the brunt of consecutive years of drought that slashed crops, emptied dams and depleted ground water. With the latest rainfall, the average dam filling rate returned to […]

Morocco’s OCP posts $9.1 bln revenue in 2023

Morocco’s phosphates and fertilizer giant, OCP, said its revenue in 2023 dropped to $9.1 billion from $11.3 billion a year earlier due to lower prices in the international market. The company said it will forge ahead with its investments which totaled $2.6 billion last year, from 2 billion a year earlier. Few days ago, OCP […]

Morocco Wins EBRD Climate Resilience Gold Award

The European Bank for Reconstruction and Development (EBRD) has granted its 2018 “Climate Resilience Gold Award” to Morocco in recognition for the country’s Saïss Water Conservation Project. The project pioneers the shift from the use of unsustainable groundwater through the transfer of an average of 100 million square meters of surface water from the M’Dez […]