jamaa Lfna by night

Morocco’s ONEE, Germany’s KfW seal €50 Mln loan deal to finance drinking water supply program

The German Agency for International Cooperation (GIZ), through KfW, will grant Morocco’s National Office of Electricity and Drinking Water (ONEE) a €50 million loan destined to finance a climate-resilient drinking water supply program. The program is aimed at securing and reinforcing drinking water supply in several towns, including Ghafsai, El Hajeb, Ain Legdah, Bouderbala, Souk […]

East Africa’s weakening currencies don’t improve trade balances, defying economic theories

The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]

Air pollution costs MENA region $141 billion annually, WB warns

The Middle East and North Africa region (MENA) suffers from excessive air pollution whose cost amounts to $141 billion annually, or around 2% of GDP, the World Bank said in a report released on Monday, urging the region to adopt a green economic policy. The report, titled “Blue Skies, Blue Seas: Air Pollution, Marine Plastics, […]