US congressmen in Morocco August 5 2019

EIB lends Morocco’s Credit Agricole €200 mln

The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]

Spain applauds Morocco’s election to UNHRC Presidency

The Spanish government, represented by its Minister of Foreign Affairs José Manuel Albares, expressed its satisfaction with Morocco’s election to the presidency of the United Nations Human Rights Council (UNHRC). “We are pleased that a friendly and neighboring country occupies this international position,” Albares said in an exclusive interview with Spanish outlet El Periódico, published […]

OCP’s 2017 Revenues Hit 48.5 bln Dirham

Morocco’s state-owned phosphates giant (OCP) said its revenues grew 14% in 2017 to reach 48.5 billion dirhams compared to 42.48 billion in 2016. OCP’s phosphates rock sales increased 40% while the group’s revenues from selling fertilizers jumped 24% compared to 2016. This performance helped the OCP offset a fall in international prices, the company said […]