b-israel

Morocco raises insurance tax to bolster natural disaster fund

Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]

Morocco’s Ymmy Finance Holding wins deal to develop Niger’s capital for $3.3 bln

Morocco’s Ymmy Finance Holding and Niger’s authorities signed deals worth $3.3 bln to facelift Niamey by building new industrial, recreational and energy facilities. Six projects have been retained in the agreements over 8 years as part of a public-private partnership after two years of talks between officials of the Holding and Niamey authorities. The projects […]

Norwegian company wins $2Mln deal to power 4 poultry plants in Morocco with solar energy

Norwegian company “Empower New Energy” has won a $2 million contract to equip four poultry plants of Zalar Holding with solar photovoltaic panels for the production of electricity. The project is developed in partnership with the experienced Moroccan renewable energy company – JET Energy. It is expected to generate 3800 MWh per year. This will […]