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$350 Million WB financing for reform of Morocco’s public institutions & enterprises
The World bank will contribute to the reform of Morocco’s public institutions & enterprises with a $350 million financing. The financing agreement was signed Thursday in Rabat by Minister of Economy and Finance, Nadia Fettah, and Director of the Maghreb and Malta Department of the World Bank, Jesko Hentschel. During the signing ceremony, Nadia Fettah […]
EU to mobilize €250 million after resuming cooperation with Mali
The European Union has decided to resume fully its development cooperation with Mali and will mobilize some €250 million for this purpose. “The swift adoption by the Malian authorities of a transition roadmap to restore democracy and stability has opened the door for lifting the precautionary measures taken after the coup d’état of March 2012 […]
US Chevron to make Morocco its lubricants export hub to Africa
US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]



