Italy at sea

Morocco’s Al Mada plans expansion in the African food market

Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]

Morocco-Nigeria gas pipeline, a catalyst for regional economic integration

The Atlantic gas pipeline that will connect Morocco to Nigeria has a potential to boost economic integration across 13 African states, boost energy supply in West Africa and power the region’s economies, head of Morocco’s mines and hydrocarbons agency ONHYM Amina Benkhadra said. The pipeline, to be achieved at an estimated cost of $26 billion, […]

Bank Al-Maghrib & IMF Extend Investment Agreement

Morocco’s central bank (Bank Al-Maghrib ) has agreed to extend its investment agreement for the benefit of the Poverty Reduction and Growth Trust (PRGT) until 2022 in support of IMF’s concessional lending to low-income member countries. The International Monetary Fund (IMF), as Trustee of PRGT, has amended its 2012 investment agreement with Bank Al-Maghrib, through […]