EBRD Morocco Contracts Reach Historic $1 Billion Milestone in 2025

The European Bank for Reconstruction and Development (EBRD) celebrated record contract signings with Morocco totaling approximately $1 billion in 2025, marking unprecedented collaboration between the development institution and the North African kingdom. The bank’s First Vice President Greg Guyett, who is on a visit to the Kingdom this week, attributed this positive momentum to close […]

Fitch gives Morocco ‘BB+’ rating with stable outlook

Fitch agency has awarded Morocco ‘BB+’ rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, a favorable debt composition and a comfortable external liquidity buffer. Economic growth slowed in 2022 to 1.2% from 7.9% in 2021, as agricultural output contracted by 15% due to a […]

Cape Town to buy electricity directly from IPPs

The City of Cape Town is fighting for its right to purchase cleaner energy directly from independent power producers (IPPs). The City of Cape Town has petitioned the North Gauteng High Court in South Africa to buy up to 40 MW of renewable energy from IPPs. The City has taken Energy Minister Jeff Radebe and […]