ghannouchi

Morocco’s King spurs initiatives to develop rural middle class

King Mohammed VI of Morocco had in recent months urged measures to promote the development of a rural middle class via promoting agricultural activity and making loans easier to access in the countryside. After calling for a revamp of the agricultural promotion strategy in Morocco, building on the achievements of the Green Morocco Plan, the […]

Egypt Gets $ 200 Million EBRD Loan for Power Plant Project

The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]

Morocco Prepares Sweeping Pharmaceutical Reform to Reduce Drug Costs

Morocco is implementing a comprehensive pharmaceutical policy overhaul through its 2026 Finance Bill, targeting dramatic reductions in medication costs while strengthening health security and domestic manufacturing capacity. The reform centers on unprecedented customs duty cuts, affecting 112 pharmaceutical products. Budget Minister Fouzi Lekjaa had announced, during the presentation of the detailed draft budget of the […]