Egypt’s Arab African International Bank (AAIB) issued Africa’s largest private green bond worth $500 million to fund its sustainable development operations. Three renowned development financial institutions: the IFC, the EBRD, and British International Investment (BII) teamed up in this issuance, subscribing to the entire bond. The bond is also reflective of a strong commitment to […]
Germany is backing Morocco’s green hydrogen production with a $32 million (€30 million) investment in OCP Group’s green hydrogen plant in Jorf. The funding by the German PtX Development Fund is intended to support sustainable fertilizer manufacturing, according to German media reports. The PtX Development Fund, endowed with a budget of €270 million, is initiated […]
Morocco welcomed the statement by Germany’s foreign ministry in which Berlin supported the autonomy initiative and highlighted Rabat’s role in favor of regional peace and security. “Morocco appreciates the positive statements and constructive positions recently made by the new German federal government,” Morocco’s foreign ministry said in a statement on its official twitter account. “These […]
