Thanks to decades of investments, Moroccan major banks increased their market share in the 8 countries of the West African economic community (ECOWAS) to 21%. A recent ECOWAS report highlighted the expansion of Morocco’s Attijari Wafabank, BCP and Bank of Africa, whose activities dominate some countries such as Mali. In Mali, the three banks have […]
Lekela Power, a pan-African renewable energy generation company, has sealed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Co (EETC) for its 250-MW wind farm in the Gulf of Suez. The wind farm will be installed near Ras Ghareb and is slated for commissioning in 2021, reports indicated on Wednesday. Once operational, the […]
U.S. Forbes magazine has lauded the decision of King Mohammed VI of Morocco to pardon 4,831 people convicted, prosecuted, or wanted in cases related to cannabis cultivation, saying the move is an important step toward strengthening Morocco’s position in the global legal cannabis market. The royal pardon was made on the occasion of the 71st […]
