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AfDB Grants €70 million financing facility to Morocco’s Bank of Africa to promote African trade

The African Development Bank Group approved a €70-million financing facility for Bank of Africa Maroc (BOA) to promote access to financing African trade. The package comprises a €50 million Risk Participation Agreement (RPA) and a €20 million Trade Finance Line of Credit (TFLOC), the AfDB said in a press release. “The African Development Bank, rated […]

Moroccan scientists help detect record-energy Neutrino in Mediterranean

Moroccan scientists contributed to a major breakthrough in astrophysics when the international KM3NeT telescope detected a neutrino with an unprecedented energy level in the Mediterranean Sea two years ago. The discovery, published in the journal Nature, is a significant advancement in high-energy astrophysics. On February 13, 2023, a groundbreaking achievement in astrophysics was recorded with […]

South Korea supports Morocco’s autonomy plan for Sahara, signaling a further isolation for Algeria

South Korea has officially endorsed Morocco’s autonomy proposal for the Sahara, and expressed its support for the «serious and credible efforts» made by the Kingdom to advance toward a resolution of the regional conflict. This endorsement, which was outlined in a statement released by the Korean Ministry of Foreign Affairs on Friday, May 9, marks […]