Tanger Med

Morocco, Germany’s KfW ink financing deals

Morocco and the German Development Bank (KfW) on Wednesday formalized three loan agreements totaling 250 million euros and two grant agreements amounting to 7 million euros. The agreements are earmarked for financing three pivotal projects focused on social protection, sustainable mobility, and irrigation. These agreements were signed in Rabat by Fouzi Lekjaa, Minister in charge […]

FAO designates Moroccan innovation as MENA’s best COVID-19 protection for farmers

Participants in the UN Food and Agriculture Organization (FAO) webinar voted a Moroccan digital solution, dubbed Attaisir or Tighten up, as the best innovative initiative in the Middle East and North Africa (MENA) for the protection of farmers and vulnerable groups against COVID-19 contamination, announced the Moroccan Agricultural Development Agency (ADA). Attaisir came first out […]

Algeria’s Trade Deficit Deepens to 14 bln Dollars

Algeria’s trade deficit slipped into 14 billion dollars in the first 8 months of 2016 because of the fall in oil revenues, propelling the government to draft an austere appropriation bill for 2017 with the introduction of new taxes in a bid to minimize losses. Algeria’s trade deficit worsened despite an 11% decline in imports […]