Khemisset potash mine

Algeria: Bouteflika clan hands 5 year sentence in prison to former head of counter-terrorism agency

Former head of the Algerian counter-terrorism agency General Hassan was handed a five-year prison sentence by a military court in a behind closed doors trial. Abdelkader Ait-Ouarabi, known as General Hassan, was sentenced to five years in prison on charges of destroying documents and disobeying military orders. Gen. Hassan headed successfully the Algerian counter-terrorism department […]

African Development Bank approves 450 million euro guarantee for OCP green investment program

The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]

Ghana’s cocoa harvest below average this season

Ghana’s cocoa harvest was 55% less than an average year, standing at 429,323 tons, as climate change induced heat waves took a toll on local farmers. Special commodities monitors have predicted a catastrophic harvest in Ghana and other West African producers this year, following a heat wave and tree disease that damaged the harvest. Cocoa […]