The European investment bank provided Morocco last year with €617 million to support the Kingdom’s response efforts to covid-19, the private sector, SMEs and agricultural sector companies. The European bank has doubled in 2020 its funding to Morocco compared to 2019, said the bank in a press release, noting that it took wide-ranging action under […]
Morocco’s largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said. UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop. It […]
Morocco purchased 12% of overall arms imports in Africa maintaining its position as the second largest buyer of weapons on the continent over the 2013-2017 period, the Stockholm International Peace Research Institute (SIPRI) said in a recent report. Morocco was ranked ahead of Nigeria with 5.1% of African arms imports and was preceded by Algeria, […]
