ONCF locomotive

IMF sees World Cup infrastructure driving medium‑term growth in Morocco

Morocco’s preparations for hosting the 2030 FIFA World Cup are expected to involve a significant multi‑year infrastructure investment program amounting to about 12% of GDP between 2024 and 2030, according to the International Monetary Fund’s latest Article IV consultation report. The IMF estimates total spending at around 190 billion Moroccan dirhams ($20 billion), covering mostly projects in railways, […]

EBRD lends Morocco’s ONEE €300 Mln to support its financial & climate resilience

The European Bank for Reconstruction and Development (EBRD) provides Morocco’s Office National de l’Electricité et de l’Eau potable (ONEE) €300 million loan to strengthen the financial & climate resilience of the utility company and support its digitalization projects. The Moroccan National Office of Electricity & Drinking Water is involved in generation, transmission and renewables. The […]

Morocco recalls batches of Kinder chocolate over salmonella fears

Morocco’s food safety agency has called for the immediate withdrawal from local market of some Kinder chocolate products linked to salmonella outbreak in France, UK, Germany, Sweden and the Netherlands. In a press release issued Tuesday, l’Office National de Sécurité Sanitaire des Produits Alimentaires (ONSSA) also decided tightening of sanitary control over all imported products […]