Egyptian ambassador to Morocco Achraf Ibrahim

A Summit on the Mediterranean in Marseille in 2019, French President Announces

President Emmanuel Macron of France announced Monday that a summit on the Mediterranean will be held in “the early summer of 2019” in Marseille, south-eastern France, to “find the thread of a Mediterranean policy.” “Ten years after the Union for the Mediterranean, we must find the thread of a Mediterranean policy,” said the president during […]

OCP Group Posts Record 97 Billion Dirham Revenue in 2024

Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]

African startups defy global VC funding downturn, with M&A becoming the norm

African venture results have declined in recent quarters, echoing the trends in other startup regions around the world, but with $1.1 billion raised in the first half of 2023, Africa’s startup ecosystem shows resilience in the face of the global venture capital (VC) funding downturn. Despite VC funding slowly retreating from the African market this […]