Business Emerging Markets Finance Headlines Morocco

Morocco to offer state guaranteed loans to upgrade hotels

Morocco plans to upgrade 25,000 rooms through state-guaranteed loans before 2025, when the country will host the African cup of nations and ahead of the 2030 World Cup, the tourism ministry said. Hotels wishing to apply could receive up to 100 million dirhams ($10 million) in loans, whose interests will be paid by the state, […]

Africa Emerging Markets Headlines International Morocco

Pan-African Parliament makes several recommendations backing Royal Africa-Atlantic Initiative

The Africa Atlantic Initiative, launched by King Mohammed VI, was presented on Thursday, June 27, at the Pan-African Parliament (PAP) during the meeting of the Trade, Customs, and Immigration Commission of the Pan-African legislative institution, holding the 3rd Ordinary Session of its 6th Legislature, from June 24 to July 5 at the institution’s headquarters in […]

Emerging Markets Headlines International Morocco

Morocco, Turkey to cooperate in energy, mining

Morocco and Turkey agreed to foster cooperation in the fields of mining and energy, including innovative fields such as green hydrogen. The deal was signed by Morocco’s energy minister Laila Benali and her Turkish peer Alparslan Bayraktar, who also agreed to cooperate on electricity distribution, decarbonization, and energy efficiency. The two parties also highlighted the […]

Africa Community Headlines International

Sudan faces imminent famine as war rages

Nearly 750,000 people are on the brink of starvation in war-torn Sudan, where the conflict between rival army factions aggravates the humanitarian situation, the global authority on famine said. The war left nearly half Sudan’s 48 million population suffering from hunger in areas including the capital Khartum, according to the latest figures from the Integrated […]

Algeria Americas Community Headlines International

Religious Freedom: U.S. denounces Algeria’s persecution & violation of religious minorities’ rights

The U.S. government has denounced the harassment and prosecution endured by religious minorities in Algeria, which continues to be included in the U.S. special Watch List of countries engaging or tolerating severe violations of religious freedom. In its latest annual report on international religious freedom, the U.S. State Department said Algerian authorities prosecuted last year […]

Africa Headlines International

Kenya: Ruto’s U-turn on tax-hike bill after deadly protests likely due to Western pressure

Kenyan President William Ruto on Wednesday (26 June) rejected to sign a controversial finance bill into law after peaceful protests turned deadly when protesters stormed parliament and scores of people were shot dead. A day after what was the biggest and most direct assault on Kenya’s government in decades, the president now says the bill […]

Energy Headlines Morocco

OPEC Fund Lends Morocco $100 Mln for Climate Resilience Efforts

The OPEC Fund for International Development (the OPEC Fund) approved on Wednesday a $ 100 million loan to Morocco to enable the country to co-finance the first phase of the “Economic Governance & Climate Change Resilience Support Program”. To counter global economic and climate change challenges, the Moroccan government has set an ambitious program destined […]

Algeria Features Headlines

Algeria: British Newspaper Expects More Riots as Water Shortage Anger Mounting

The Guardian has warned that more demonstrations could erupt in Algeria as the authorities are not acting fast to address the water shortage and as people continue struggling to find drinking water. On 8 June, anger over months of water rationing spilled over in the drought-stricken central Algerian town of Tiaret, where demonstrators barricaded roads […]

Energy Finance Headlines Morocco

Morocco, eighth largest recipient of investments in renewable energy- report

Morocco was ranked the eighth largest recipient of financial flows in renewable energy at 6.2 billion dollars between 2010 and 2021, a new renewable energy agency report said. Most of these financial flows went to solar, followed by wind, said the report, to which the international energy agency also contributed along with the World Bank. […]

Europe Headlines International Morocco

Counterterrorism, organized crime, major sporting events at the focus of Moroccan-German security talks in Berlin

Ways and means to strengthen security cooperation between Rabat and Berlin in counterterrorism, struggle against organized cross-border crime, and security measures during major sporting events were at the focus of talks held this week in Berlin by Director General of the DGSN-DGST (Moroccan police and intelligence services), Abdellatif Hammouchi, with senior officials of the German […]