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 […]

Auto Industry: €50 Mln earmarked for 1st Moroccan car brand for local market

“Neo” is the first Moroccan car brand to be produced for local market with a €50 million investment which will be used for the building of a factory for this project. The announcement has been made by the Minister of Industry & Trade, Ryad Mezzour. He told Saudi newspaper Asharq that the plant is expected […]

Morocco closes neighborhoods in Casablanca to fight coronavirus

Authorities closed a number of neighborhoods in Hay Mohammedi district in Casablanca to better fight the coronavirus outbreak as active cases in the economic capital exceeded 2000. Casablanca and seven other cities have been locked with entries and exists allowed on special permits only. The exodus from big cities to smaller towns during the Eid […]