Spain air-europa

African Development Bank approves 450 million euro guarantee for OCP green investment program

The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]

Africa: Rabat, Dakar Support 3S Initiative

Morocco and Senegal have expressed their strong determination to work hand in hand to ensure the success of the Triple S Initiative (Sustainability, Stability and Security) in Africa. The two countries’ shared willingness was voiced lately at a meeting held in Addis Ababa by Head of Moroccan Govt Sâad Eddine El Othmani and Senegalese Minister […]

Artificial Intelligence: U.S. firm Iozera to Invest $500 Mln in Data-center and AI Hub in Morocco

U.S.-based tech startup company Iozera has announced plans to set up a 386MW Data Center and artificial intelligence hub in the northern Moroccan city of Tetouan. The $500 million project will operate with renewable energies thanks to Morocco’s leadership in the sector. Iozera says it is designed to democratize access to advanced AI computing resources, […]