Othmani Jerdada

Morocco Pleads for Advent of New Maghreb Order

Morocco has pleaded for the advent of a new Maghreb order and for the construction of a large, strong Maghreb so that the region plays its political, economic, social and security role, so that Maghreb countries make the most of their vast potential, and so that the Maghreb Union supports Arab and Islamic causes, particularly […]

EBRD to fund OCP’s desalination plan with 200 mln euros

The European Bank for Reconstruction and Development has approved a financing of 200 million euros to support the desalination program of Morocco’s phosphates group, OCP. The loan will finance the construction of two OCP seawater desalination facilities, at its key industrial complexes in El Jadida (Jorf Lasfar) and Safi, the bank said in a statement. […]

Egypt Gets $6 M from IFC to Promote E-Payments

International Finance Corporation (IFC), a member of the World Bank Group, has announced $6 million investment in Fawry, Egypt’s leading electronic payment provider, in an effort to promote financial services and encourage economic development across the country. IFC’s investment will help Fawry embark on expanding its network of payment terminals across the country to make […]