OCP Africa

Morocco’s tax revenues jumps 21% by August

Morocco’s domestic tax revenues rose by an unprecedented 21% year-on-year by the end of August, signaling a remarkable fiscal performance ahead of the presentation of the draft Finance Bill for the upcoming legislative session, scheduled before October 20. The surge reflects a dynamic tax environment, with the country’s three main levies (corporate income tax (IS), […]

Algeria’s social peace crumbles under dim political and economic prospects

Protests are growing against a fifth term for ailing President Abdelaziz Bouteflika. So far, one protester was killed and dozens were injured in clashes with policemen in the capital. Anger is building up across the country threatening the fragile social peace and the country’s stability as time and money run out. Officials are toughening their […]

Iran confirms Algeria wants its drones

A top Iranian official said his country has received drone orders from 22 countries including Algeria, confirming earlier reports that Algeria and the Polisario were seeking Iranian drones as Tehran uses Algeria as a hub to expand its influence in Africa. “About 22 countries have filed formal bids to purchase Iranian-made military drones,” Iranian Major […]