Dakar- Bamako railway

EIB Lends Morocco 75 Mln Euro for Water & Sanitation Projects

The European Investment Bank (EIB) has granted Morocco this week a 75 million loan destined to help the North African country carry out projects aimed at increasing the capacity of the water production & distribution and improving sanitation networks. This financing operation backs Morocco’s 2012-2016 national strategy to provide the population with fair access to […]

Spain’s PM Sanchez thanks Morocco for help after blackout

Spanish Prime Minister Pedro Sanchez has expressed thanks to Morocco for its support in helping restore electricity to parts of Spain following a massive power outage. Power was restored in some northern and southern regions “thanks to interconnections with France and Morocco,” Sanchez said in a televised address, adding: “We are grateful to both countries […]

Automotive sector tops Morocco’s exports, cuts deficit

Morocco’s trade deficit contracted by 6.8% in the first six months this year, thanks to a rise in car exports and a drop in energy imports, the foreign exchange office said. Imports dropped to 358 billion dirhams, while exports rose to 221 billion dirhams leaving a deficit of 138 billion dirhams. Morocco has prepared the […]