World Bank approves $450 mln loan to help Morocco improve access to financial services

The World Bank approved a $450 million loan to support Morocco’s reforms to expand the availability of financial services and digital infrastructure for individuals and businesses, as well as improving financial inclusion and digital entrepreneurship. The loan seeks to deepen reforms aimed at boosting the financial resilience of households and micro-, small-, and medium-size enterprises […]

Morocco, ‘Major Economic Force in Sub-Saharan Africa’- UN Magazine

Africa Renewal, a magazine issued by the Africa Section of the UN department of public information, published an article detailing how Morocco gradually established itself as a major economic force in sub-Saharan Africa. “Slowly and steadily, Morocco has been establishing itself as a major economic force in sub-Saharan Africa, even as it eyes gaining readmission […]

Railways: Morocco’s ONCF Receives First Batch of Prima Electric Locomotives

Morocco’s national railway operator ONCF has received lately the first of 30 Prima M4 locomotives being manufactured by the French Alstom company under a €130 million deal concluded in 2018 between the two sides. The Prima M4 locomotives have a nominal power of 5.5 MW. The maximum running speed is 160km/h. Being electric, the M4 […]