Morocco to Launch Gradual Dirham Liberalization in June

Morocco’s Central Bank, Bank Al Maghrib, said it will launch the gradual float of the Dirham as of June in collaboration with the IMF to reach a flexible exchange rate system. In a statement to Reuters, Governor of Bank Al Maghrib, Abdellatif Jouahri, said that the first stage of Dirham liberalization will start in June, […]

OCP Awards £25 Mln Contract to Scottish Weir for Sustainable Solutions in Greenfield Phosphate Projects

Morocco’s OCP group has selected Scottish mining technology Company Weir to provide energy efficient, sustainable solutions to the next phase of OCP’s Benguerir and Louta greenfield phosphate projects. Under a £25 million contract, Weir pledges to support the continued construction of the Louta project and the trebling of production from the Benguerir project, where Weir […]

Sahara, a pillar of energy corridor linking Africa and Europe

The Atlantic Sahara is called upon to become a strategic corridor of connectivity and opening-up between two continents, Africa and Europe thanks to the major energy projects launched under the impetus of King Mohammed VI. The remarks were made by Minister of Energy Transition and Sustainable Development, Leila Benali, in Dakhla on Friday, in a […]