Morocco expects $10 Bln in remittances & $8.4 Bln in travel earnings in 2022

Remittances by Moroccan expatriates are expected to increase by 12.9 pc to $10 billion in 2022 before dropping by 4pc to $9.6 billion in 2023 due to the deterioration of economic conditions in the host countries, according to the forecasts of Morocco’ Central bank. As for travel receipts, they are projected to end the year […]

German Siemens eyes €2 billion investment in mega wind farm project in Egypt

German independent power producer Siemens Gamesa is in talk with Egyptian authorities to inject €2 billion in a large wind power project in the East of the country.   According to officials, the mega wind project would generate 2 GW of electricity under a BOO (build, own and operate) contract, a form of public-private partnership […]

Burundi reaffirms steadfast support for Morocco’s sovereignty over its Sahara

Burundi has renewed its firm support for Morocco’s full sovereignty over its entire Saharan territory, describing the Autonomy plan offered by Morocco for the Sahara as the “ONLY credible and realistic” solution to the regional dispute. The supportive stand was expressed by Foreign minister of this African country Albert Shingiro, in a joint statement released […]