Morocco turns to Russia for wheat supply amid declining domestic production

Morocco is strengthening its trade ties with Russia to ensure a steady supply of soft wheat, a move driven by declining domestic wheat production and a reduction in exports from traditional suppliers, particularly France. As global grain markets face challenges from climate conditions and fluctuating supply, Morocco has turned to Russia as a strategic partner […]

OCP receives approval for 500 Million USD bond issue to fund green transition

The Moroccan Capital Markets Authority announced on Wednesday that the giant Moroccan phosphate and fertilizer company, OCP, has received approval to issue regular bonds worth 5 billion dirhams (500 million USD). The company plans to invest 13 billion USD between 2023 and 2027 to fully transition to renewable energy and desalinated water for its industrial […]