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Germany backs Morocco’s OCP green hydrogen plant with $32 Million

North Africa Post

Germany is backing Morocco’s green hydrogen production with a $32 million (€30 million) investment in OCP Group’s green hydrogen plant in Jorf. The funding by the German PtX Development Fund is intended to support sustainable fertilizer manufacturing, according to German media reports. The PtX Development Fund, endowed with a budget of €270 million, is initiated […]
Business Columns Emerging Markets Europe Headlines International Morocco

Historic Gibraltar tunnel project moves forward with groundbreaking engineering study

North Africa Post

A landmark underwater rail tunnel project connecting two continents has entered a crucial new phase as engineering feasibility studies commence, marking a historic step in Mediterranean infrastructure development. The ambitious infrastructure project, which will link Morocco and Spain through the Strait of Gibraltar, has selected a world-leading tunneling technology firm, Herrenknecht Iberica, to conduct the […]
Business Finance

World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle

North Africa Post

Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]