offgrid energy

Morocco welcomes steps to narrow Qatar-GCC gap

Morocco expressed optimism and satisfaction at the recent development to end the rift between Qatar and other Gulf Cooperation Council member states.   The Moroccan foreign ministry has voiced hope to see a lasting agreement to this dispute with a view to restoring the cohesion of the GCC and fostering stability and Arab unity.   […]

Morocco’s Wafa Assurance acquires 65% of Cameroon insurer Pro Assur

Moroccan insurance company Wafa Assurance said it completed the acquisition of 65% of Cameroon’s Pro Assur, a company created in 2000. The transaction, taking the form of share acquisition and capital increase, was approved by Cameroon’s and Morocco’s regulatory authorities, Wafa Assurance said in a statement. The deal is meant to help Pro Assur develop […]

Sweden’s SKF Invests $4.9 Mln in Factory in Morocco

SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]