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Moroccan rail operator ONCF raises $200 mln in Green Bond

Morocco’s state-owned rail operator ONCF raised $200 million via a green bond that was five times over-subscribed with a total demand reaching $1 billion. The bond was part of ONCF’s green push, as it plans to expand the national rail network. The four-tranche bond had maturities ranging from 10 to 15 years at rates varying […]

UAE’s Etisalat acquires additional stake in Maroc Telecom under a $500 million deal

Etisalat, the UAE’s biggest telecoms operator, increased its ownership in Etisalat Investment North Africa to 100 per cent by acquiring the Abu Dhabi Fund for Development’s 8.7 per cent stake in EINA, Etisalat said in a regulatory filing on Tuesday.   The deal increases Etisalat Group’s effective ownership in Maroc Telecom Group to 53 per […]

King Mohammed VI appoints Fouzi Lekjaa Chairman of the World Cup 2030 Committee

King Mohammed VI has appointed this Thursday Fouzi Lekjaa, President of the Royal Moroccan Football Federation (FRMF) Chairman of the World Cup 2030 Committee, the Royal Office said in a statement. The appointment came during an audience the Sovereign granted to Lekjaa who doubles as Minister Delegate in charge of the Budget. The appointment follows […]