The International Monetary Fund will lend Morocco $1.3 bln to help the country fend off climate change risks, Morocco’s news agency reported. “The IMF concluded a staff-level agreement with Morocco to provide $1.3 billion in financing over the long term,” the agency said, citing IMF chief Kristalina Georgieva. Georgieva made the announcement during her participation […]
Algerian state-owned company “Sonatrach” is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the Saharan region. The plan was disclosed by the company’s managing director Said Sahnoun who hopes his country would be able to produce 20 billion cubic meters per year from 200 […]
Morocco will invite bids by the end of the year for a 250 million cubic meters desalination plant in the north-eastern city of Nador, water and equipment minister Nizar Baraka said. The plant would be the second largest in the country after Casablanca’s which is planned to start supplying fresh water in 2027, Baraka told […]
