tunis

Morocco to import Brazilian olive oil

Brazil will be exporting olive oil to Morocco, where consecutive droughts compromised the domestic harvest and sent prices higher. The decision was announced by Brazil’s farming ministry, which said Morocco was the third destination for Brazil’s agricultural exports to Africa. In 2023, Morocco imported from Brazil $1.23 billion-worth of agricultural goods. In the first nine […]

Algeria: Sonatrach and Fenosa finalise deal

Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain’s Gas Natural Fenosa was a signatory to the deal with Algeria’s Sonatrach for 800mn m³/year of gas for a period of 18 years and for a 10% stake in the 8bn m³/yr in the Medgaz […]

AfDB approves $70 Million risk-sharing agreement with Morocco’s BCP to develop foreign trade

The African Development Bank (AfDB) has approved a $70 million risk-sharing agreement with Morocco’s Banque Centrale Populaire (BCP) to develop foreign trade. This agreement is the second with BCP and is part of a program entitled “50/50 risk-sharing agreement for Morocco’s Banque Centrale Populaire”. It takes place in a context of tightening capital adequacy and […]