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KSA, Morocco share same viewpoints on challenges facing Arab world (Saudi FM)

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah was on a visit Wednesday in Rabat where he held talks with his Moroccan counterpart Nasser Bourita on bilateral relations and means to develop them. At a joint press conference after the meeting, Prince Faisal said his talks with his Moroccan counterpart “focused on various aspects […]

Senegal proposes diaspora bank to enhance investments, lower transfer costs

Senegal’s Prime Minister Ousmane Sonko revived last week a proposal to create a bank dedicated to the Senegalese diaspora. This initiative aims to channel the significant funds sent home by Senegalese expatriates into impactful and sustainable projects, reported Ecofin agency. The diaspora sends over $2.9 billion annually to Senegal, representing about 12% of the country’s […]

AfDB Supports Morocco’s Rural Electrification with €245 Loan

The African Development Bank (AfDB) approved on Wednesday a €245 million loan to the National Office of Electricity and Drinking Water (ONEE) to enable the Moroccan utility company expand its rural electrification projects. “Developing a reliable electricity network will enable the Kingdom to meet an energy demand recording a 5 pc annual growth” said Mohamed […]