Ivorian President Alassane Ouattara

Morocco’s 2024 budget forecasts 3.7% growth, fiscal deficit at 4%

The Moroccan government expects an economic growth of 3.7% and a narrowing of the fiscal deficit to 4% next year, according to a draft buddget that was approved by a ministerial council chaired this Thursdau by King Mohammed VI. The earthquake that struck on Sept 8 had no impact on the macro-economic assumptions of the […]

Russia-Mali cooperate on solar power project

Russia and Mali are working together to build a solar plant that would cut Mali’s electricity deficit. Only about 50% of Malians have access to electricity, with outages so commonplace since the coup which set the country at odds with ECOWAS. Mali struggled to get steady fuel supply for its thermal stations, which disrupted electricity […]

EBRD promotes energy transition in Morocco’s mining sector with €13.6Mln Loan

The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]