semana-santa-sevilla

KfW supports Morocco’s financial system reform with €165 Mln funding

German Development Bank (KfW) has pledged to provide Morocco €165 million funding to continue reforming its financial system which has shown resilience to external shocks. The KfW financial support includes a €150 million loan and a €15 million grant. Funding agreements were inked Wednesday in Rabat by Economy & Finance Minister Nadia Fettah and Head […]

Ryanair launches direct flights from Dakhla to Madrid and Lanzarote

Ryanair will connect the city of Dakhla in the Moroccan Sahara to Spanish Capital Madrid, and Lanzarote in the Canary Island. The direct route will be opened in January 2025, under an agreement between the low-cost airline and Morocco’s tourism promotion office ONMT. Nestled along the sun-kissed Atlantic coastline, this enchanting city has swiftly risen […]

Agadir first Moroccan commune to issue bond

The city of Agadir has made a successful issuance of Morocco’s first municipal bond of 1 billion dirhams to fund its development plan. The dirham-denominated bond sale targeted national and international institutional investors as the commune braces for a facelift. The European Bank for reconstruction and development (EBRD) has supported Agadir’s bond with an investment […]