Morocco’s BMCE Bank International Plc UK has sealed a $150 million partnership with the International Finance Corporation to bolster cross-border trade in Africa and prevent shortages of essential goods, including grains and building materials amid the Covid-19 crisis. Under the agreement announced Wednesday, IFC will enter into a risk-sharing facility with BMCE Bank International, a […]
The recent $14 bln deal between Morocco’s water and electricity provider ONEE and a consortium comprising TAQA Morocco and Nareva, provides for setting up desalination plants across Morocco, in response to the country’s strategy to reduce reliance on dams and groundwater in a context of drought. Under this deal, Morocco will add 900 million cubic […]
The India-Middle East-Europe Economic Corridor (IMEC), officially launched at the G20 summit in India, is seen by some analysts as a direct challenge to Beijing’s Belt and Road Initiative (BRI), a multi-trillion-dollar infrastructure project launched a decade ago with the aim of connecting China to the rest of the world. The launch of the new […]
