Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]
After Shell, BNP Paribas has ditched its corporate banking business in South Africa, amid a spate of divestments by major multinationals. BNP Paribas, the largest bank in the EU, withdrew from South Africa after 12 years, as it seeks to consolidate its European and Asian business. BNP Paribas is also part of a series of […]
The US Defense and Security Cooperation Agency (DSCA) announced the approval of a sale of 25 F-16C/D Block 72 fighter jets for a cost of $3.8 billion to Morocco’s Royal Armed Forces. The deal will further bolster Morocco’s air force supremacy in the region as the North African country plans to revamp its operating fleet […]
