Arab League

Morocco’s ONEE secures €300 million for grid modernization

Morocco’s National Office of Electricity and Potable Water (ONEE) has secured €300 million in financing from European institutions to modernize the country’s electrical infrastructure, marking a significant step in the kingdom’s renewable energy transition. The funding package combines €170 million from the European Investment Bank (EIB), €130 million from Germany’s KfW development bank, and support […]

World Bank issues new guidance on African inflation challenges

African economies face an urgent need for coordinated responses to inflation threats that could destabilize social equilibrium, according to the World Bank’s latest Africa’s Pulse report. While the continent’s median inflation rate decreased from 9.8% in 2022 to 4.2% in January 2025, significant disparities persist. The interquartile range of inflation rates has widened from 6% […]

Africa for the Ocean’ Summit: Morocco advocates strategic rethink of African maritime role

Morocco has advocated a strategic rethink of Africa’s maritime role, built around three key pillars, namely blue growth; stronger South-South cooperation and regional integration around oceanic spaces; and maritime effectiveness through Atlantic synergies. This came in a message King Mohammed VI addressed on Monday to the participants in the “Africa for the Ocean” Summit, co-chaired […]