Morocco’s OCP more than triples profit, doubles revenue

Morocco’s phosphates and fertilizers producer OCP posted an all-time-high profit of 1.6 billion dirhams in 2021, up 272% as the company benefits from the surge in prices of phosphates and derivatives and the high demand on fertilizers. OCP’s total earnings nearly doubled to 84.3 billion dirhams the same year, a boon to public finances hit […]

Angola supports mutually acceptable political solution to Sahara issue

Angola says it supports a political solution based on compromise to the Sahara regional conflict. In a joint statement issued Tuesday in Rabat following the 3rd meeting of the Moroccan-Angolan Joint Cooperation Commission, Angolan foreign minister Téte Antonio said his country encourages the efforts made by the UN Chief and his personal envoy, Staffan De […]

Morocco’s northern industrial zone breaks new turnout record

The Tangier-Med industrial zone, the largest industrial cluster in Africa, reported a turnover of 113 billion dirhams ($13 bln) in 2022 breaking a new record thanks to its attractiveness to investors. The total revenue generated by the industrial zone was up 45% in 2022 compared to a year earlier as 35 new operators set up […]