Morocco’s green transition gets €25 Mln funding from EBRD, GCF & EU

The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union, provides €25 million to Banque Marocaine pour le Commerce et l’Industrie (BMCI) to support Morocco’s green transition. The financing, of which a total of €23.75 million will be provided by the EBRD and €1.25 million by […]

Egyptian companies win about $2bn-contracts in Libya to set up power stations

Libya has signed multiple billion-dollar contracts with a number of Egyptian companies to set up power stations in the oil-rich country. Salama Al-Ghwail, Libya’s State Minister for Economic Affairs, told Egyptian media the contracts are worth between $1.5 billion and $2 billion. Al-Ghwail said Egyptian companies should win between 60 to 70% of the reconstruction […]

Germany wishes to conclude with Morocco a military cooperation agreement, other specific defense agreements

Germany has expressed the wish to relaunch bilateral collaboration with Morocco through the sealing of a military cooperation agreement, to be followed by specific agreements in the fields of defense and the protection of classified information. The wish was expressed by German Minister Delegate for Defense Thomas Hitschler, who is on a working visit to […]