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MENA’s economic outlook fraught with uncertainty amidst conflict, indebtedness — WB report

Lackluster growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East are impacting economies across the Middle East and North Africa (MENA) region, says a new report by the World Bank. According to the World Bank’s MENA Economic Update, the regional economies are expected to return to low growth akin to […]

OCP Raises 5 Billion Dirhams in Perpetual Bond Issue Fully Placed with Institutional Investors

OCP Group, the Moroccan phosphate giant, has completed a 5 billion dirham issue of perpetual subordinated bonds through a public offering fully subscribed by domestic institutional investors. The transaction reinforces the group’s economic equity and financial flexibility, and sits within its broader strategy of proactive capital management in support of its industrial transformation and sustainable […]

Gabon’s new strongman continues international visits, meets Congo’s Denis Sassou-Nguesso

Brice Clotaire Oligui Nguema, the General and new leader of Gabon met Sunday with Congo’s President Denis Sassou-Nguesso to thaw ties with Brazzaville and to seek Congo’s support to end the isolation of the country after the August 30 military coup that brought him to power. Nguema who took oath on September 04 as Gabon’s […]