ferry -gibraltar

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

North Africa after the Storm: Five Lessons in Crisis Management

A year and a half after the start of popular protests in Tunisia, it may not be tedious to take some time out to assess what just happened. At present, events seem to slow down in the five North African countries which were significantly affected by the storm: Tunisia, Libya, Egypt, Algeria and Morocco. In […]

Morocco surpasses Algeria in foreign exchange reserves

Morocco, a country with a diversified economy, has outpaced hydrocarbon-rich Algeria in foreign exchange reserves, reaching approximately $50 billion in September, according to central bank data. This milestone underscores the success of Morocco’s diversified and productive economy, while exposing the costs of Algeria’s rentier economy which led to restrictive import policies and heavy reliance on […]