Sunday Times logo

Morocco launches industrial energy audit program to advance efficiency goals

The Moroccan Energy Investment Company (SIE) has launched a new initiative to select industrial companies for energy audits, advancing the country’s industrial energy transition and efficiency targets. The program aims to help manufacturing companies identify energy-saving opportunities while promoting both efficiency measures and renewable energy solutions. All audits will adhere to Moroccan standards NM ISO […]

IFC to invest $100m in private green bond in Egypt to boost financing of climate-smart projects

The International Finance Corporation, IFC, a member of the World Bank, will invest $100 million in the first private sector green bond in Egypt, to help fund climate-smart projects, alleviate greenhouse gas emissions, and support Egypt’s shift to a greener economy, the institution said in a statement. The bond, the first by the private sector, […]

Coronavirus sheds 500,000 jobs in Morocco

There were 500,000 more unemployed people in Morocco by June 2020, compared to the same period last year, said the high commission for planning in its updated job market figures since the virus outbreak. The coronavirus and drought have caused a loss of 185,000 jobs in the rural world and 311,000 in urban areas, the […]