Kabyle leader ferhat Mhenni

Morocco, Spain to mobilize €11.6 Mln for reconstruction of earthquake-affected areas

Morocco and Spain have agreed to mobilize €11.6 million from the Debt Conversion Program to finance reconstruction and rehabilitation projects in the areas hardest hit by the earthquake that struck Al Haouz province on September 8. The announcement of this amount was made during a meeting between Spain’s First Vice-President and Minister of Economy and […]

New AYA Biotechnology Plant to advance Morocco’s food security strategy

Morocco launched the AYA (Anouar Yieldest Additives) industrial project Wednesday in Jorf Lasfar, worth a 480-million-dirham investment in agro-industrial biotechnology by Anouar Invest group. The facility marks significant progress toward the kingdom’s food sovereignty and industrialization objectives while establishing new export capabilities in biotechnology sectors. The plant extends over 7.1 hectares including 28,700 square meters […]

EBRD supports Morocco’s packaging industry with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]