Morocco’s state-owned phosphate giant OCP group has raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the OCP group carry out its $13 billion 2022-2027 investment plan seeking to increase fertilizer production to 20 million tons from 15 million currently and operate with renewables by 2027.
Morocco’s Minister of Transport and Logistics, Abdessamad Kayouh, has announced plans to increase the airport traffic in Morocco from
The International Monetary Fund (IMF) has approved a two-year $4.5 billion flexible credit arrangement for Morocco. It comes as
The MASI index, representing all listed shares on a free-float capitalization basis, continued its robust performance in the first quarter
Tunisia's Central Bank reduced its key interest rate by 50 basis points to 7.5% on Friday, aiming
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