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Morocco’s OCP to raise 5bln dirhams in ordinary bond

Morocco’s OCP group plans to issue an ordinary bond to raise 5 billion dirhams or 500 million dollars as it seeks funding for its ambitious green energy and desalination projects, financial markets regulator AMMC said. OCP, a market mover in phosphates and fertilizers production, plans to go green by 2040 as it forges ahead to […]

Mauritania extends for six months MoU with Cairo-based Arab Contractor to build tramway in Nouakchott

Mauritania has extended for six months the Memorandum of understanding (MoU) with the Egyptian Arab Contractor company to build a tramway in capital Nouakchott, local media report. The extension was enacted by Minister of Equipment and Transport Mohamed Ali O. Sidi Mohamed, who said the move is meant to enable the company to finalize the […]

Libya: Haftar claims seizure of Gaddafi’s hometown of Sirte

The self-proclaimed Libyan National Army, LNA, headed by rebel General Khalifa Haftar, said Monday they took control of the coastal city of Sirte, hometown of former leader Muammar Gaddafi, from the forces of the UN-backed Government of National Accord (GNA). LNA spokesman Khaled al-Mahjoub said Haftar forces captured “all the districts surrounding the city”, including […]