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Renewable Energy: Ex-French energy minister plans $3 Bln fund for africa

Jean Louis Borloo, France’s former energy minister hopes to raise $3 billion from Western donors by next year to help cash-strapped African nations fund renewable energy projects, in a bid to tackle pollution and spur development. According to Jean Louis Borloo, his project to bring energy to 600 million Africans already had commitments from Western […]

Morocco’s economic growth to pick up in 2020 after 2.6% in 2019- Central Bank

Morocco’s economic growth is expected to fall to 2.6% in 2019 after lower rainfall affected crops, the central bank said, noting that growth would increase to 3.5% in 2020. The central bank, known as Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% while promising to carry out action to promote entrepreneurship. Holding […]

Morocco’s post-quake reconstruction in progress- government says

Efforts to rebuild fully or partially demolished homes are underway along with the upgrade of roads, hospitals and schools, the head of the government said a few days ahead of the one-year anniversary of the earthquake that killed 3000 people mostly in the Atlas mountains. So far, 55,142 building permits have been handed with 49,632 […]