Morocco-Nigeria Gas Pipeline Project: Islamic Bank co-funds front-end engineering design study

The Islamic Development Bank (IsDB) has agreed to fund 50 pc of the Front-End Engineering Design (FEED) Study for the Nigeria-Morocco Gas Pipeline project expected to enhance African integration, regional trade, and economic cooperation. The funding agreement was signed remotely on Monday by IsDB Vice President Mansur Muhtar, Moroccan Economy & Finance minister Nadia Fettah, […]

Tunisia to Invest $5 billion in Energy Projects by 2020

Tunisia will invest about $ 5 billion (12 billion dinars) in electricity and energy projects, between 2018 and 2020. According to a statement released by the government, the electrical projects include the construction of a submarine power- transmission line, with a transmission capacity of 600 MW. The infrastructure to link the country to Italy is […]

Morocco’s budget deficit drops to $6.4 bln in 2024

Morocco’s budget deficit shrunk to 64.4 billion dirhams ($6.4 bln) in 2024, from 74.9 billion dirhams, as a rise in government revenue continued to offset higher spending, the Moroccan treasury said. The deficit eased to 3.9% last year from 4.4% a year earlier, as the government increases its ordinary revenue and tax receipts, it said. […]