Security Council

OCP reports $2.67 Bln earnings in 1st Quarter 2022

The revenues of the Moroccan state-owned phosphate group OCP reached $2.67 billion in the first quarter of 2022, up from $1.59 billion reported the same period last year. The record results achieved by OCP in 2021 have continued in the first quarter of 2022, driven by strong market conditions and operating efficiencies, says the OCP […]

Morocco raises insurance tax to bolster natural disaster fund

Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]

WHO Elects First Ever African Director-General

The World Health Organization has elected Ethiopia’s former health minister and malaria expert Dr. Tedros Adhanom Ghebreyesus as director-general. He’s the first African to ever hold the position in nearly seven decades of the existence of WHO, one of the most powerful UN agencies, employing some 8000 people across the world. He replaces Margaret Chan, […]