King Mohammed VI & Ali bongo

London-listed Chariot completes FEED, seeks EPC proposals for Anchois gas project in Morocco

London-listed Chariot, an Africa-focused transitional energy company, has completed the Front-End Engineering and Design (FEED) on the key components of its flagship Anchois gas development project offshore Morocco and has alled for Engineering, Procurement and Construction (EPC) commercial proposals. Chariot began the FEED for the Anchois development in June 2022, after raising $25.5 million, the […]

China-Morocco ties poised to grow

China’s president Xi Jinping on his way from a G20 summit in Brazil stopped for a short visit in Morocco, an event that is reflective of the interest of Beijing in Morocco as a rising regional power and economic hub. Xi Jinping was received in Casablanca by Crown Prince Moulay El Hassan and Prime Minister […]

IFC and EOS Prepare €60 Million Bad-Debt Vehicle for Morocco

Facing a continuous rise in non-performing loans on Moroccan bank balance sheets, the International Finance Corporation (IFC) and German group EOS Holding are preparing an investment vehicle worth up to 60 million euros. The operation aims to create new capacity for buying and managing distressed assets while helping a secondary market for bad debt emerge […]