The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]
Morocco’s government is targeting economic growth of 4.1% and a budget deficit of 3% of gross domestic product in 2027 as it seeks to balance major infrastructure and social spending programs with fiscal discipline ahead of legislative elections, according to budget guidelines issued by Prime Minister Aziz Akhannouch. The assumptions are outlined in a circular, […]
Morocco offered construction permits to 51,031 families, that is 87% of overall applications, as the country races the clock to address the aftermath of September 7, 2023 earthquake. As part of the first batch of aid, 56,067 households received 20,000 MAD in aid for partially or totally demolished houses in the September 7 quake, the […]
