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IFC to support Morocco’s major development, investment reforms

The International Finance Corporation (IFC) intends to support the Moroccan government in its multiple reforms to ensure post-Covid economic recovery and plans to invest $300 million for fiscal year 2021. In this vein, the IFC and the Ministry of Economy and Finance signed Wednesday Wednesday a memorandum of understanding to strengthen their partnership and stimulate […]

Morocco to reinforce water supply in north

Moroccan government approved a 12 billion dirham plan to build three dams to reinforce water supply in the northern region of Tangier-Tetouan-Alhoceima. The plan, dubbed Beni Mansour water complex, is part of the national 2019-2026 strategy presented in April 2019 before King Mohammed VI. The project will garner 1.35 cubic meters of water through three […]

Morocco’s hydrocarbons office to run Samir’s stockage platform

Morocco’s mining and hydrocarbons office ONHYM was tasked with overseeing the supply and the storing of oil after the Moroccan government’s request to rent the storage tanks of Samir refinery was approved by the commercial court. Morocco’s only refiner Samir in Mohammedia has been shutdown since 2015 due to unpaid debt to the state and […]