The World Bank has approved a $100 million additional financing for the Casablanca Municipal Support Program. The amount adds to the initial program of $200 million originally approved in 2017. The program supports the city’s financial and institutional strengthening under the Greater Casablanca Development Plan (Plan de Développement du Grand Casablanca, PDGC) with the aim […]
UM6P Ventures, the venture-capital arm of Mohammed VI Polytechnic University, has become a shareholder of U.S. Akorn Technology, a Silicon Valley start-up and innovator in edible food coatings. In a press release issued Monday, UM6P Ventures said it invested in Akorn Technology to reduce global food waste and extends shelf life. “UM6P Ventures’ investments are […]
Morocco’s Central Bank, Bank Al Maghrib, said it will launch the gradual float of the Dirham as of June in collaboration with the IMF to reach a flexible exchange rate system. In a statement to Reuters, Governor of Bank Al Maghrib, Abdellatif Jouahri, said that the first stage of Dirham liberalization will start in June, […]
