Morocco’s leading port operator Marsa Maroc has acquired 45 percent capital and voting rights in Spain’s Boluda Corporacion Maritima (BMT) for €80 million, establishing strategic presence across the Strait of Gibraltar. BMT operates nine ports spanning the Iberian Peninsula and Canary Islands. This strategic partnership “opens pathways to synergies” between both groups, “pooling complementary expertise […]
Morocco’s state-owned rail operator ONCF raised $200 million via a green bond that was five times over-subscribed with a total demand reaching $1 billion. The bond was part of ONCF’s green push, as it plans to expand the national rail network. The four-tranche bond had maturities ranging from 10 to 15 years at rates varying […]
Morocco has pledged to defend the African Islands at the UN Climate Change Conference (COP27) due in Sharm Sheikh, Egypt, from 6 to 18 November 2022. The announcement was made Tuesday by Moroccan foreign minister Nasser Bourita in a speech made via videoconference during a ministerial meeting of the Peace and Security Council of the […]
