The European Bank for Reconstruction and Development (EBRD) provides Morocco’s Office National de l’Electricité et de l’Eau potable (ONEE) €300 million loan to strengthen the financial & climate resilience of the utility company and support its digitalization projects. The Moroccan National Office of Electricity & Drinking Water is involved in generation, transmission and renewables. The […]
As Morocco prepares to launch its first reconnaissance satellite on November, Spanish military officials are voicing their concerns. The satellite will bridge the gap in terms of spatial reconnaissance between Morocco and Spain to the disappointment of Spanish military officials who are keen to maintain their country’s upper hand, Spain’s El Pais paper reported. Despite […]
Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]
