King Mohammed VI

Morocco, AfDB Cooperate to Develop Renewables in Africa

Morocco’s renewable energy agency (MASEN) and the African Development Bank (AfDB) agreed to join forces to develop renewable energies in Sub-Saharan Africa. “The goal of this partnership is to support African countries, especially those in the Sahel region targeted by the ‘Desert to Power’ initiative, to develop renewable energy technologies adapted to their natural environments […]

Egyptian army takes control of commodities imports

Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, Reuters reported. The army will conduct tenders on wheat and other strategic commodities instead of the General Authority for […]

Morocco: Al Amana Microfinance gets $8 Mln funding from IFC to encourage women in business

The International Finance Corporation provides al Amana Microfinance, one of Morocco’s largest micro lenders, $8 Million loan to support smaller businesses, especially those run by women. Under the partnership agreement sealed Wednesday, al Amana will use the money to extend its reach to more micro-entrepreneurs and informal enterprises. At least half of the proceeds will […]