AfDB

Morocco: Saudi-led Consortium Wins $1 Bln Solar Plant Bid

A consortium led by Saudi’s company ACWA Power International has won a $1 billion contract to build a 160-megawatt solar plant in Southern Morocco. The plant, to be built near city of Ouarzazate, is the first phase of a 500-megawatt ambitious project, first of its kind in Northern Africa. The Saudi-led consortium includes Spanish firm […]

IFC Supports Morocco’s women-led Businesses & Agri-SMEs with $300 Mln Risk-Sharing Facility

Morocco’s national credit guarantee institution, Tamwilcom, has partnered with International Finance Corportation (IFC) to expand access to finance to small & medium-sized enterprises (SMEs), including women-led businesses, agricultural enterprises, and firms operating within supply chains. Under the partnership, IFC will provide Tamwilcom $300 million risk-sharing facility (RSF) to enable the Moroccan lending institution to diversify […]

Morocco’s African Pivot, an Alternative to the Arab League’s Impotence

The landmark speech given by King Mohammed VI at the 28th African Union Summit set the tone of a pivot in Morocco’s foreign policy in favor of Africa and echoed a frustration with the paralysis plaguing the Maghreb Union. The momentum characterizing Morocco’s African action stands in a stark contrast to its stands regarding the […]