OCP Revenues Grow 15% in H1 2018

Morocco’s phosphates company saw its revenues grow by 15% in the first half of the year to 26,599 million dirhams ($2.86 billion). Revenues increased from 23,152 million dirhams last year as the company continues to invest in Africa where it plans the setting up of fertilizer plants in Ethiopia and Nigeria. “This sales growth was […]

EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness

The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An agreement was signed Wednesday in Casablanca with Morocco’s Banque Centrale Populaire (BCP) to enable SMEs to get funding to modernize their operations, reduce CO2 emissions, expand working site, and increase […]

Libyan presidential election: January 24, 2022 as an alternative date

After several days of false suspense, Libyan authorities confirmed on Wednesday that the presidential election scheduled for Friday would not take place, with the Electoral Authority proposing to postpone by one month this crucial deadline in the transition process supposed to bring this North African country out of the post-Gaddafi chaos. Less than 48 hours […]