Morocco’s OCP secures a $350 million loan facility from Afreximbank

Morocco’s phosphate group, OCP, has secured a $350 million loan facility from the African Export-Import Bank (Afreximbank) that will support the Group’s expansion plans across Africa. The Pan-African multilateral EXIM Bank announced earlier this week the signing of the 7-year $350 million term loan facility to provide financing to OCP Group. The bank, through its […]

France officially ends visa-free privileges for Algerian diplomats as rift deepens

France has formally suspended a bilateral agreement with Algeria that had allowed holders of diplomatic and service passports to enter French territory without a visa. The decision was published in the official bulletin on August 19, marking the definitive end of a 12-year-old diplomatic privilege and signals a new phase of hardened relations between Paris […]

Morocco, Mauritania seal industrial cooperation deal in metallurgy & mechanical engineering

Morocco and Mauritania signed an agreement to deepen industrial cooperation in the metallurgy, mechanical, and electromechanical sectors. The deal was signed in Nouakchott on Wednesday by Abdelhamid Souiri, President of the Moroccan Federation of Metallurgical, Mechanical and Electromechanical Industries (FIMME), and Nagi Ichidou, President of the Mauritanian Federation of Industry, Mines and Energy (FIME). It […]