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IFC accords $150m loan to Olam to boost palm oil production in Gabon

The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of Singapore-based Olam International, to boost the company’s production of palm oil in the central African country. The loan, Gabon Review reports, will be used in the construction of a biodiesel […]

Global Carbon Neutrality Ranking: Morocco among the front-runners

Morocco remains in the top positions of the global ranking of countries leading the way toward carbon neutrality, as it climbs to the 8th rank in the 2025 Climate Change Performance Index (CCPI), which was presented on Wednesday at COP29 in Baku, Azerbaijan. The Kingdom surpasses several leading countries in this field, such as Germany, […]

Fuel Prices Surge Again in Morocco as Middle East Tensions Drive Up Energy Costs

Moroccan motorists and transport operators faced a fourth fuel price increase in as many months on April 1st, as distributors raised pump prices with effect from midnight. Diesel rose by approximately 1.70 dirhams per liter, bringing it to around 14.50 dirhams, while unleaded petrol increased by 1.57 dirhams to reach approximately 15.50 dirhams. The adjustment […]