Morocco’s OCP revenue down 33% in 2023 first half

Morocco’s phosphates and fertilizers producer, OCP, said its revenue in the first six months this year dropped 33% to $3.76 bln due to lower prices. The company said it made $1.9 billion in total revenue in the second quarter this year, down 37%, due to lower demand, while expecting demand to improve later this year […]

Algeria’s hysterical response to World Bank report

Algeria’s military regime has hit a new low in its response to a World Bank report warning of worsening poverty and bleak economic prospects in the country. In a 60-page report, the World Bank pointed to a series of dysfunctions in the oil and gas reliant Algerian economy which augur ill for the country’s economic […]

Morocco’s King ‘Spoke with his heart to’ Africa, AU Chair

The newly elected Chairman of the African Union, Guinea’s President Alpha Condé welcomed the comeback of Morocco to the African organization and lauded Morocco’s speech, which, he said, “stems from the heart.” “The King spoke with his heart and will spare no effort to foster the continent’s independence,” said Alpha Condé in an address before […]