The Mauritanian Government has decided to maintain the fuel oil subsidy at 70 MRO per litre, the Minister of Economic Affairs and Development, Abdallahi Ould Souleimane Ould Cheikh Sidiya, announced during a weekly press briefing. The subsidy is estimated to cost the State around 3.15 billion old ouguiyas per month, according to the minister. He […]
Morocco’s transition to low-carbon economy requires an annual investment of $2.6 billion through 2030, rising to $17.4 billion annually by 2050, according to a report released by the World Bank The money will be spent on new clean energy solutions and technologies, explained the report titled: Scaling up to phase down: Financing Energy Transitions in […]
Head of the Moroccan government said it was too early for accurate figures on the repercussions of the coronavirus on the Moroccan economy noting that a review of the appropriation bill is not possible in the absence of precise indicators. The IMF however has said the Moroccan GDP will contract by 3.7% while the high […]
