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Morocco’s Central Bank lowers key rate to 2.5 %; expects growth to rebound to 3.9 in 2025 & 2026

Morocco’s Central Bank has decided to reduce key rate by 25 basis points to 2.50 percent as inflation continues to evolve at low levels and is expected to end the year with an average of 1% compared to 6.1% in 2023. The decision was made by the Board of the Bank during its latest quarterly […]

Nexans Morocco Wins Cables & Power Transformation Contract of Noor Atlas Solar Project

Nexans Morocco has been awarded the Noor Atlas project including the supply of cables and power transformation solutions for the solar energy collection and transmission network. Led by Masen, with the support of Morocco’s National Office of Electricity & Drinking Water (ONEE) and Cluster ENR, the project marks a new milestone in the deployment of renewable energy […]

Israel gets observer status at African Union

Israel has been given observer status at the African Union, a statement from Israel’s Foreign ministry says. “This is a day of celebration for Israeli-Africa relations,” Foreign Minister Yair Lapid said. “The diplomatic achievement is the result of efforts by the Foreign Ministry, the African Division and Israeli embassies on the continent. This is a […]