Fitch solutions

AfDB expects Morocco’s growth to reach 3.5% in 2024 & 3.8% in 2025

Morocco’s economic growth is expected to reach 3.5 pc in 2024 and 3.8% in 2025, driven by higher investment, according to latest projections released by the African Development Bank. In its African Economic Outlook 2024 report, the Bank said inflation is projected to fall slightly to 4.1% in 2024 and 3.8% in 2025, as world […]

U.S. DFC supports Ifria Cold Chain Development Company in Morocco and Senegal with $20mln

The U.S. International Development Finance Corporation (DFC) has decided to finance the construction of Ifria refrigeration facilities in two African countries, namely Morocco and Senegal. The move, announced last week, come after DFC provided technical assistance grants to the cold chain development company Ifria in 2021. The Corporation announced the signing of commitment letters worth […]

U.S. Supports $4.5 Bln Green Energy Project in Moroccan Sahara

The United States is supporting a major green hydrogen project in Moroccan Sahara with a $5.7 million grant to finance feasibility study to advance a $4.5 billion green ammonia production facility in Laayoune. The American grant has been awarded by U.S. Trade and Development Agency (USTDA) to ORNX—an international consortium comprising U.S.-based Ortus Climate Mitigation […]