Bonds

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Rare Earths Extraction: OCP & Mohammed VI Polytechnic University sign deal with British Rainbow

Moroccan state-owned phosphate group OCP and Mohammed VI Polytechnic University (UM6P) signed on Monday a cooperation agreement with UK “Rainbow Rare Earths” company to further investigate and develop the optimal technique for the extraction of rare earth elements from phosphogypsum. Phosphogypsum contains rare earths as a by-product of phosphoric acid production. OCP together with the […]

African Migration Observatory inaugurated in Rabat

Morocco and the African Union (AU) inaugurated this Friday, December 18, the African Migration Observatory in Rabat.   The inauguration ceremony was co-chaired by Morocco’s Foreign Minister, Nasser Bourita, and the AU Commissioner for Social Affairs, Amira El Fadil. The setting up of the African Migration Observatory was proposed by King Mohammed VI, in his […]