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Business Europe Headlines International Morocco

Spanish Barceló Group to invest $47 million in tourism sector in Morocco

North Africa Post

Barceló Group, a Spanish company specializing in hospitality and travel, plans to invest 47 million in the tourism sector in Morocco through the acquisition and renovation of several hotels in the Kingdom, a move that will diversify the tourism offer and stimulate private investment in the tourism sector. A memorandum of understanding to this effect […]
Emerging Markets Europe Finance Headlines International Morocco

German loan for modernization of Casablanca rail network

North Africa Post

Morocco’s National Railway Office (ONCF) has secured a $225 million loan from German development bank KfW to modernize Casablanca region railway network. The German funding follows a $350 million loan approved by the World Bank in June, both supporting the “Service Intra-métropolitain Rapproché” (SIR) program. The SIR seeks to establish an electrified passenger rail service, […]
Africa Headlines International Maghreb Morocco

Morocco’s FM meets Mali’s transitional president

North Africa Post

Morocco’s Foreign Minister flew to Mali on orders of King Mohammed VI where he met with transitional president Bah N’dah and religious dignitaries. Bourita also met with transitional vice-president Colonel Assimi Goita and transitional Prime Minister Moctar Ouane. Later on Tuesday, he met religious dignitaries including Bouye Haidara and Mahmoud Dicko. The interlocutors of the […]