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British CDC invests $200 mln in BMCE Bank

CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]

Recent rainfall bodes well for Morocco’s farming output

Moroccan farmers are breathing a sigh of relief after recent rainfall that dissipated the prospect of extreme drought and helped improve dam filling rates. Moroccan dams are on average 34% full on December 28 after the filling rate dropped to near 20% leading to a halt of irrigation in many key agricultural regions. Rainfall is […]

Morocco & EU Ink Agreement for Sustainable Management of Water

Morocco and the European Union have signed the “Partnership for Research and Innovation in the Mediterranean Area” (PRIMA), a joint international program focusing on the development of solutions for food systems and water resources in the Mediterranean basin. Prima has been launched to help the agricultural sector in the Mediterranean area, which has been suffering […]