Kenya Lamu project rejected

IMF approves $1.3 Bln for Morocco under Resilience & Sustainability Facility Arrangement

The International Monetary Fund Executive Board has approved a Resilience and Sustainability Facility (RSF) for Morocco worth about $1.3 billion. The arrangement will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including from climate change, the Washington-based institution pointed out in a release. The 18-months arrangement […]

Hydrocarbon: ExxoMobil’s ESSO gets two offshore reconnaissance contracts in Morocco

Esso Exploration International Ltd., a subsidiary of U.S. ExxonMobil Corp., signed on Tuesday in Rabat two reconnaissance contracts with Morocco’s National Office of Hydrocarbons (ONHYM). These reconnaissance contracts cover the areas of Safi-Essaouira Offshore and Agadir-Ifni Offshore. The areas are located offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. The signing of these […]

Ceuta Migrants Crisis: Washington & Paris avoid taking sides in Morocco-Spain row

After a record number of migrants entered the occupied enclave of Ceuta earlier this week amid heightened tension between Morocco and Spain over Madrid’s decision to host Polisario chief under a false identity and with an Algerian passport, all eyes turn to Paris and Washington, Rabat’s strong allies, to see which side they will support. […]