EU commits €545 million to accelerate Africa’s clean energy transition

The European Union has announced a funding package of nearly €545 million (approximately $638 million) to support renewable energy initiatives across Africa, aimed at expanding electricity access, strengthening regional power grids, and advancing the continent’s transition to clean energy. European Commission President Ursula von der Leyen unveiled the commitment in a video message during the […]

State fund CDG estimates coronavirus toll on economy at $5.4 bln

State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]

Morocco, Mauritania launch roadmap to bolster cooperation in road & port infrastructure

Morocco’s Minister of Equipment and Water, Nizar Baraka, and his Mauritanian peer, Mohamed Aly Ould Sidi Mohamed, launched at a meeting held, in Rabat on Tuesday, a roadmap for strengthening bilateral cooperation in infrastructure and ports. The meeting examined the means to launch structuring projects which will have a positive impact in Mauritania, in particular […]