Morocco is planning to build a new Mogador resort, near Essaouira, for a total investment on $230 million. The new resort will be funded by a consortium of investors, including Samih Sawiri, Hussain Al Nowais, and Hossam El Shaer, who committed to fund 50% of the investment, the head of the government office said in […]
The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]
GoviEx, a Canadian mineral resources company, has signed a Memorandum of Understanding (MoU) with energy developer Windiga Energy to jointly evaluate the feasibility of powering the company’s flagship Madaouela project in Niger, using hybrid solar power solutions. Windiga is a Canadian energy developer focused on building, owning and operating renewable energy facilities and off-grid smart […]
