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Morocco-China trade poised to further grow

Trade between Morocco and China grew by 50% from 2021 to 2022 as China becomes Morocco’s first trading partner in Asia. Mehdi Laraki, head of Morocco-China business council, told le360 that Chinese investments in Morocco totaled 56 million dollars in 2022 in vital fields such as industry, transport, real estate, and energy. There has been […]

Dam collapse floods Nigerian communities, releases dangerous wildlife

A devastating dam collapse in northeastern Nigeria has triggered severe flooding, forcing evacuations and unleashing deadly reptiles into nearby communities. The Alau dam in Borno state gave way, causing the worst flooding the region has seen in three decades. The disaster has submerged about 15% of Maiduguri, the state capital, under water. At the Borno […]

OCP’s 2017 Revenues Hit 48.5 bln Dirham

Morocco’s state-owned phosphates giant (OCP) said its revenues grew 14% in 2017 to reach 48.5 billion dirhams compared to 42.48 billion in 2016. OCP’s phosphates rock sales increased 40% while the group’s revenues from selling fertilizers jumped 24% compared to 2016. This performance helped the OCP offset a fall in international prices, the company said […]