German Development Bank (KfW) has pledged to provide Morocco €165 million funding to continue reforming its financial system which has shown resilience to external shocks. The KfW financial support includes a €150 million loan and a €15 million grant. Funding agreements were inked Wednesday in Rabat by Economy & Finance Minister Nadia Fettah and Head […]
Morocco’s state-owned power Company ONEE (Office National de l’Electricite et de l’Eau potable) has signed a ten-year gas supply agreement with UK-based Sound Energy Company, ensuring continuous supply for two of its power stations in the Northern region. The deal enables the North African Kingdom to secure its energy sovereignty and security, while countering the […]
The International Monetary Fund has urged countries of the Middle East and North Africa to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. Growth is slightly improving in this region, largely driven by higher oil prices and improved export prospects, said the IMF in its latest regional […]
