Africa Headlines International Morocco

OCP Foundation Launches Agricultural Caravan in Ethiopia

After the agricultural caravans it launched in Côte d’Ivoire (Octobre 2015), Guinea (May 2015), Togo (April 2017), Madagascar (Septembre 2017) and Burkina Faso (May 2018), the foundation of the Moroccan phosphates group OCP kicked-off a new stage on Friday (June 1) in Addis Ababa, Ethiopia. The caravan will crisscross the next agricultural season in four […]

Africa Headlines International Morocco

Phosphates: Moroccan OCP Group to Set Up Fertilizer Company in Rwanda

OCP Africa, a subsidiary of the Moroccan State-owned Phosphate OCP group, will set up a $ 6.3 million joint venture dubbed “Rwanda Fertilizer Company”, according to Maghreb Intelligence magazine. The OCP will have a 57.4 pc majority stakes in the company, while Agro Processing Trust Corporation Ltd (APTC) will hold 30 pc and the State […]

Africa Business Columns Headlines International Morocco Opinions

Polisario Experiences Bitter Taste of Legal Maneuvers against Morocco

The Polisario has incurred a new setback in its legal maneuvers against Morocco after the Kingdom’s phosphate company, OCP, restored ownership of a 55,000 tons of phosphates rock unlawfully held in South Africa following a legal challenge by the Polisario. The cargo on board Cherry Blossom was seized in South Africa since May 2017 after […]

Africa Algeria Business Headlines International Morocco

Cherry Blossom Seizure Ends with the Victory of OCP

Cherry Blossom vessel, loaded with 55,000 tons of Moroccan phosphates, which has been illegally seized by South African authorities since May 1, last year, has just left the South African territorial waters and her cargo has been returned to its legitimate owner, Morocco’s phosphates company, OCP. It all started last May, when a South African […]

Africa Headlines International Morocco

OCP, Attijariwafa Bank, Saham Finance Honored in Africa CEO Forum

Moroccan phosphate group OCP, Attijariwafa Bank and Saham Finances have been honored by the Africa CEO Forum convened lately in Abidjan, Côte d’Ivoire. OCP, a global market leader of phosphate and its derivatives, has received the “CSR Strategy of the Year” Award for respecting and implementing a Social and Environmental Responsibility policy. The CSR strategy […]

Finance Headlines Morocco

OCP’s 2017 Revenues Hit 48.5 bln Dirham

Morocco’s state-owned phosphates giant (OCP) said its revenues grew 14% in 2017 to reach 48.5 billion dirhams compared to 42.48 billion in 2016. OCP’s phosphates rock sales increased 40% while the group’s revenues from selling fertilizers jumped 24% compared to 2016. This performance helped the OCP offset a fall in international prices, the company said […]

Africa Headlines International Morocco

OCP Africa Supplies Tanzania with 32,000 tons of DAP Fertilizer

OCP Africa, a subsidiary of the Moroccan Phosphate OCP group, has delivered 32,000 tons of Diammonium Phosphate (DAP) to Tanzania, after a previous shipment of 23,500 tons of this phosphorus fertilizer. These shipments of DAP show OCP Africa’s commitment to guaranteeing to the farmers of this African country access to fertilizers at competitive prices. They […]

Africa Headlines International Morocco

South African Court Puts Politics above Justice in Sahara Phosphate Verdict

As was expected, a high court in South Africa delivered a politicized verdict giving ownership of the 50,000-ton Phosphate cargo on board bulk carrier Cherry Blossom to the Polisario separatists. Bound for New Zealand, the ship was held in Port Elizabeth for almost a year after the Polisario challenged the legality of the transaction in […]

Asia Business Headlines International Morocco

UAE’s ADNOC, Morocco’s OCP Sign 25-year Sulphur Supply Deal

Abu Dhabi’s National Oil Company (ADNOC) and Morocco’s state-owned phosphates company (OCP) signed a sulphur supply agreement covering 25 years. Under the agreement, ADNOC will increase the volume of sulphur exports to the OCP up from 2 million tons in 2016. ADNOC, one of the world’s largest sulphur producers, sees promising prospects for raising sulphur […]

Asia Business Headlines International Morocco

Morocco’s OCP, Indian Kribhco to Build Fertilizer Plant in India

The Moroccan Phosphates company (OCP) and the Indian Krishak Bharati Limited (Kribhco) will jointly build a fertilizer production unit in Andhra Pradesh state, in southern India. The $230 million worth project, co-financed by the two part-ners, will have an annual production capacity of 1.2 million tons of NPK fertilizer (nitrogen, phosphorus, potassium). The fertilizer production […]