Norwegian company “Empower New Energy” has won a $2 million contract to equip four poultry plants of Zalar Holding with solar photovoltaic panels for the production of electricity. The project is developed in partnership with the experienced Moroccan renewable energy company – JET Energy. It is expected to generate 3800 MWh per year. This will […]
The coronavirus outbreak has caused a surge in spending and a drop in revenues for state coffers pushing the government to review the targets and spending schemes under the 2020 budget while maintaining priority for social spending. The administration has adopted austerity measures to reduce unnecessary spending saving some $200 million that was scheduled for […]
Credit rating agency Moody’s affirmed Morocco’s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody’s noted the recovery of Morocco’s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement. “The improved governance track record underpins Moody’s expectation […]
