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 […]
The power grab by the military after the departure of long-ruling Abdelaziz Bouteflika has aborted hopes for a transition to a civilian government, hijacking Algerians’ ambitions to a democratic state and compromising prospects for economic development amid worrisome economic indicators. Army, a kingmaker The army’s pull back from politics during the era of Bouteflika after […]
Head of the Government Saad Eddine El Othmani was elected as the new Secretary General of the moderate Islamist party, Justice and Development, which is leading the current governmental coalition. El Othmani won by a tiny margin taking 1006 votes while his rival Driss Azami received 912. The National Council has refused to allow outgoing […]
