First Independent Mena Newspaper
Morocco’s state-owned phosphate giant, OCP Group, is set to close 2025 with investments totaling 53 billion dirhams – as part of an already announced 13 billion-dollar investment plan by 2030- driven by major projects including the expansion of fertilizer production capacity, according to a government report attached to the 2026 draft finance bill. Published by […]
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]
Morocco has called on the Middle-Income Countries to build on their assets in order to be the new drivers of regional and international development in the new world order taking shape. In his opening address made Tuesday at the High-Level Ministerial Conference on Middle-Income Countries, currently in held in Rabat, Moroccan foreign minister Nasser Bourita […]
The Russian invasion of Ukraine and Moscow’s withdrawal in July from the Black Sea Grain Initiative has driven up global food and commodity prices, severely affecting farming sectors in countries all across Africa. Russia’s withdrawal from a deal brokered by the United Nations and Turkey that allowed the safe passage of Ukrainian grain through the […]
Global fertilizer suppliers have benefited from high fertilizer prices in 2022-23 but, by and large, they have undermined production, contributed to high food prices, and exacerbated food insecurity, according to experts. Global fertilizer suppliers made incredibly high profits in 2022/23 on the back of price spikes attributed to the Russia-Ukraine war, as the profits of […]
China’s Wuhan Engineering Co. and Italy’s Ballestra will help Egypt set up a new domestic fertilizer Complex, the third of the North African country. Egyptian President Abdelfattah al-Sisi discussed on Wednesday with officials from both foreign companies, “Ahram Online” reports citing the Presidential office. The future Complex will complement the existing production of phosphate and […]
Yara International ASA, a global leader in plant nutrition headquartered in Oslo, Norway, announced its withdrawal from Cameroon following a deal to sell its majority stake in Yara Cameroon to NJS Group, a minority shareholder and longstanding partner. Per the deal, NJS Group takes over the 65% stake held by Yara International France in the […]
India’s leader Narendra Modi will visit Egypt Saturday – his first- and looks forward to advancing partnership between the two countries. Modi’s visit follows that of Egyptian leader Abdelfattah Al-Sisi to the Asian giant last January, at the invitation of the Indian leader himself. “We had the pleasure of receiving President al-Sisi as the chief […]
With Russia now considering a withdrawal from the Black Sea grain deal and with its offer of ‘no-cost delivery’ of grains and fertilizers to ‘friendly’ African countries, Moscow seems to be recalibrating its African strategy, says a recent Geopolitical Handbook titled ‘Putin’s African Dream and The New Dawn’ published by Modern Diplomacy. While Russian president […]
Brazil’s support for the autonomy plan offered by Morocco for the Sahara is in line with UN Security Council resolutions and international community position, said on Tuesday Brazilian MP Tiao Medeiros. He made the remarks during a meeting of the Brazil-Morocco Parliamentary Friendship Group convened in Brazilia. The group seeks to strengthen dialogue between the […]