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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 […]

Morocco leaves EU tax haven grey list

Morocco has been removed from the EU’s tax haven grey list after it took a series of measures and enacted new laws aiming to ensure greater transparency. The most recent reforms undertaken by Morocco to comply to EU fiscal standards was that of the tax system pertaining to financial hub, Casablanca Finance City. Morocco has […]

Algeria’s self-defeating decisions, Morocco-phobia spill over to sports

Blinded by hostility to Morocco, Algeria’s military rulers and their civilian puppets have taken a series of unilateral decisions from closing borders to cutting diplomatic ties with Rabat and halting gas supplies. But, these measures- intended to hurt Morocco- have backfired at Algiers with a spill over to sports as Algeria undermines by itself its […]