The European Bank for Reconstruction and Development (EBRD) has announced a €4.3 million loan to Moroccan packaging company Multisac SA, which specializes in the production of woven polypropylene bags. It is the first local company benefitting from EBRD’s and EU’s Trade and Competitiveness Program, which aims to improve value chains and make businesses more competitive […]
A court in capital Algiers Wednesday pressed a 15-year prison sentence associated with a $80,000-fine against former head of the national police, Major General Abdelghani Hamel, charged with corruption and illicit enrichment. The Sidi M’hamed court also handed individual sentences to the family of the General and their company. Hamel’s wife Lanani Salima is handed […]
The consolidated revenues of Morocco’s state-run phosphates company, Office Chérifien de Phosphate (OCP), fell to 42.47 billion dirhams in 2016, compared to 47.73 billion dirhams in 2015. The OCP, the world’s leading phosphates exporter, imputed the drop to the slide in phosphate and fertilizer prices, prompting efforts to increase production and cut costs to counter […]
