Cevital

Shares trading in indebted Kenya Airways suspended for another year as restructuring falters

Trading in Kenya Airways shares has been suspended for another year, as the indebted national carrier battles to return to profitability and the country’s president says he wants to sell the government’s stake. Stocks in the troubled airline have not been traded since July 2020 in the midst of the Covid-19 pandemic, which devastated global […]

Morocco’s OCP plans international bond sale

Morocco’s phosphates and fertilizers producer OCP plans to issue a dual-tranche bond of 5 and 10 years, Reuters reported. OCP has mandated Citi and JP Morgan to arrange the bond sale, the agency reported without adding details. In February last year, OCP completed the issuance of an additional $300 million bond, linked to the group’s […]

PJD Minister faces media backlash after failing to impose fuel price caps

Islamist PJD governance minister Lahcen Daoudi is subject to fierce criticism after he failed to uphold his promise of imposing caps on prices of fuel. The Minister had promised that profit margins of fuel companies will be controlled by mid-March but kept postponing the measure. Yet, this week the Minister bluntly admitted while speaking to […]