First Independent Mena Newspaper
The Russia-Ukraine war is reshaping the global trade & supply chain as Western nations have imposed severe economic and financial sanctions on Moscow for its invasion of Ukraine. Morocco is the 3rd supplier of fertilizers to Brazil after Russia and Belarus. To avoid a shortage of the nutrients due to the international sanctions and escalating […]
Morocco’s OCP and Israel’s ICL signed a memorandum of understanding to support sustainability programs at Mohammed VI Polytechnic University (UM6P) and Ben-Gurion University of the Negev (BGU). Under this deal the two partners will offer scholarships to students from the two universities and promote exchange opportunities for academic and professional staff. This cooperation covers a […]
Morocco’s phosphates and fertilizer producer OCP has over the last 6 years launched a program aiming at bringing customized fertilizers closer to the African market with fair prices and has rolled out training programs on best practices to improve output benefiting so far 1 million African farmers. The goal was to support the African farmer […]
Morocco’s phosphates and fertilizers producer OCP posted a 4% increase in its revenues in 2020 to 56.2 billion dirhams as volumes offset a drop in prices. The group said exports of phosphates-based fertilizers rose 12% following higher demand in India and Brazil. ‘’OCP achieved significant growth in 2020, one of the most challenging business periods […]
Morocco’s phosphate group, OCP, has secured a $350 million loan facility from the African Export-Import Bank (Afreximbank) that will support the Group’s expansion plans across Africa. The Pan-African multilateral EXIM Bank announced earlier this week the signing of the 7-year $350 million term loan facility to provide financing to OCP Group. The bank, through its […]
The Polisario and its mentor Algeria failed once again in bringing a case in New Zealand against a sovereign fund that imports Moroccan phosphates. The high court in New Zealand has rejected a complaint by the Polisario against the sovereign fund which it said has authority to make investments in line with local laws. […]
Following the telephone conversation held last month between King Mohammed VI and President Muhammadu Buhari, a Nigerian delegation led by minister of Petroleum Resources Timipre Marlin Sylva is visiting Morocco to set out the next steps of the $1.3 Bln fertilizer production plant project launched in June 2018. Spearheaded by OCP Group and the Nigeria […]
The US Department of Commerce announced Tuesday Feb.9 its final determination that phosphate fertilizer imports from Morocco are unfairly subsidized and decided to impose countervailing duties of 19.97 percent on US imports of Moroccan phosphate fertilizers. The OCP Group said in a press release that it acknowledges Tuesday’s final decision from the US Department of […]
The Trade Alliance to Promote Prosperity (TAPP), a coalition of American companies, workers & trade associations, has voiced its opposition to increasing taxes on phosphate imports from Morocco and Russia. Such a move and hike would deal another blow to farmers, said Mr. Kent Kaiser, executive director of TAPP. His comments come after the giant […]
Morocco’s phosphates and fertilizer producer, OCP, partnered with German and Belgian partners, Budenheim and Prayon, to build a new plant for the production of purified phosphoric acid. This will be achieved through their subsidiary Euro Maroc Phosphor (EMAPHOS) in a project that will help the OCP consolidate its global leadership in the production of Purified […]