Moroccan elite unit

Morocco takes Part in 17th ministerial meeting of 5+5 Defense Initiative

Abdeltif Loudyi, Minister Delegate, in charge of the National Defense Administration, took part, pursuant to the high royal instructions, in the 17th meeting of the Ministers of Defense of the “5+5 Defense” Initiative, which is held this year under the Mauritanian Presidency. This meeting, held Thursday by videoconference, was an opportunity to review the cooperation […]

Nigeria approves $1bn Chinese loan for Hydropower project

Nigeria’s Federal Executive Council (FEC) has approved $1 billion Chinese loan from Chinese EXIM Bank for the development of the Gurara II hydroelectric project in Kaduna State in the north of the country. The Gurara II hydroelectric dam will produce 360 MW. The Gurara River is already serving to generate 30 MW of electricity and […]

Morocco says 1 billion Euro bond sale was ‘successful’

Morocco issued on Thursday an international bond worth 1 billion Euros, the finance ministry said, noting the success of the sovereign notes sales as demand hit €5.3 billion. The bond has a maturity of 12 years and an interest rate of 1.5% as Morocco tapped the international market at a very propitious time benefiting for […]