The Arab Clubs Champions Cup also known as Mohammed VI Champions Cup will wind up on August 21 with the final, two years after the kickoff, due to the covid-19 pandemic. The Union of Arab Football Associations, UAFA, set the date Tuesday. Morocco’s Raja Casablanca and Saudi Arabia’s Al Ittihad will lock horns at Moulay […]
Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]
Many African countries still depend solely on food importation to survive regardless of their large land areas, says a new report by the African Export-Import Bank (Afreximbank) that also reveals that all countries on the continent together spend an average of $50 billion annually importing foods. “The nations of Africa together import approximately $50 billion […]
