AU logo

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

Senegal: Agriculture Minister Ngouille Ndiaye steps down in reaction to choice of Amadou Ba as presidential candidate

Aly Ngouille Ndiaye, Senegal’s Agriculture Minister has tendered in his resignation from the government and pulled out from ruling party “Alliance pour la République (APR)” few days after President Macky Sall designated incumbent Prime Minister Amadou Ba as candidate for February 2024 presidential elections for the APR and the ruling coalition Benno Bokk Yaakaar. N. […]

LSE: Morocco, leader in EV & green hydrogen technology

Morocco’s automotive sector is undergoing a remarkable transformation. After starting as a regional assembly hub, the country’s car industry has grown into a leading player in electric vehicle (EV) and green hydrogen technology, said the London School of Economics in a report. This North African nation is strategically positioning itself as a global automotive powerhouse, […]