Noor Ouarzazate

IMF revises Sub-Saharan countries’ 2019-2020 growth forecasts

The International Monetary Fund (IMF) in a report released on Wednesday announced that the economy of Sub-Saharan countries should rise this year. In its World Economic Outlook Update, titled ‘A Weakening Global Expansion’, the Washington-based Fund indicated that economic growth in Sub-Saharan Africa should pick up in 2019, forecasting a 3.5 per cent growth for […]

Africa’s M&A landscape shrinks amid investor retreat, despite energy sector bright spots

Africa’s mergers and acquisitions (M&A) activity fell sharply in the first half of 2025, with deal volumes declining by 21% and total values down 16% compared to the same period last year. According to a new report by DealMakers Africa, foreign investors are retreating from the continent due to global interest rate hikes, a strong […]

Morocco fixes Noor Ouarzazate III solar plant after breakdown

The Moroccan agency for sustainable energy MASEN said it has switched on Noor Ouarzazate III solar plant after a 14-month breakdown. The breakdown highlights the dysfunctions with the CSP technology used in the plant which has experienced recurrent breakdowns. The 150-megawatt plant had shut down in February 2024 after a storage breakdown that the operating […]