North Africa Post
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OCP Buys 50% Stake in GlobalFeed from Spanish Fertinagro Biotech

North Africa Post

Moroccan state-owned Phosphate giant, OCP Group, announced on Monday it acquired 50% stake of GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizers producer. “This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable […]
Emerging Markets Finance Headlines Morocco

Fitch Rating expects Moroccan banks profitability to improve in 2023

North Africa Post

Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]
Algeria Asia Columns Headlines International Maghreb Morocco Opinions

Algerian president returns empty handed from Egypt

North Africa Post

At first it was described as a working visit, but when Algeria’s President Abdelmedjid Tebboune landed in Cairo to meet his counterpart General Sisi, the trip was described as a private and friendship visit, from which he actually returned empty handed. Algerian commentators said the visit was without an invitation and was at the request […]