Spanish PM Pedro-Sanchez

Morocco’s OCP gets €570 million for the development of a brand new college campus for UM6P close to Rabat

The World Bank, through its Multilateral Investment Guarantee Agency (MIGA), has just announced a €570 million disbursement guarantee for the construction of a new university campus for the Mohammed VI Polytechnic University (UM6P) near Rabat. These funds are made up of loans whose guarantee lasts up to 10 years and which are allocated to the […]

Commercial court fine deepens Maroc Telecom’s debt

Maroc Telecom reported a soaring debt to 23 billion dirhams, up 32.1% as a result of the compensation it was asked to pay to its competitor Inwi for violating fair competition rules. In July, a commercial court in Casablanca upheld a first instance verdict that found Maroc Telecom guilty of violating free competition rules and […]

The U.S. trade office points to corruption of Kenyan officials

The U.S. trade office said Kenyan officials have been systematically asking bribes from U.S. investors, who complained of lack of transparency and excessive complexities and inefficiencies in the procurement process for contracts. Corruption will thwart foreign investors in Kenya where only those who pay a bribe manage to invest, said the U.S. trade office in […]