First Independent Mena Newspaper
Moroccan state-owned OCP Group and Italian SACE group have agreed to a €365 million green financing facility, the first of its kind under OCP’s Green Finance Framework and the first guaranteed by SACE Push Strategy in Morocco. This strategic partnership reinforces OCP’s commitment to sustainability and innovation in plant nutrition solutions. SACE, Italy’s insurance and […]
Oil-rich but war-torn Libya is teetering on the edge of a fuel supply crisis, with more than $1 billion in unpaid dues for imported fuel threatening to disrupt deliveries and deepen the country’s economic woes. The state-owned National Oil Corporation (NOC) has warned that international suppliers are growing increasingly reluctant to continue shipments without payment […]
Nearly 17,000 Brazilian tourists visited Morocco during the first four months of this year, said Moroccan National Tourism Office (ONMT), noting that this number represents a 48 % increase compared to same period of last year. In April, Brazilian tourist arrival spiked by 41% to reach 4,870 tourists against 3,465 in April 2024. Yet, inbound […]
Morocco’s National Office of Electricity and Potable Water (ONEE) has secured €300 million in financing from European institutions to modernize the country’s electrical infrastructure, marking a significant step in the kingdom’s renewable energy transition. The funding package combines €170 million from the European Investment Bank (EIB), €130 million from Germany’s KfW development bank, and support […]
The Moroccan government, electricity and water supplier ONEE together with a consortium including Mohammed VI Investment Fund, TAQA Morocco and Nareva agreed to join forces to develop a sweeping infrastructure program aimed at securing water and bolstering energy production by 2030, for a total investment cost estimated at $14 billion. The investments have been ushered […]
Morocco is establishing itself as a premier destination for solar energy investments in the Middle East and North Africa region, according to a new report by London-based research group Bourse & Bazaar. The study highlights significant funding from Gulf investors, including Saudi Arabia’s Public Investment Fund, Abu Dhabi’s Mubadala, and Dubai’s AMEA Power, who are […]
Swedish-based Metacon has been awarded a $ 2 million contract to supply a 1 MW pressurized alkaline electrolysis plant to a major renewable energy company in Morocco, one of Africa’s largest wind power investors. The project involves delivering a turn-key, containerized electrolysis system powered by wind turbines to produce green hydrogen off-grid. This pilot plant […]
British Chariot Energy Company announced Wednesday that it has regained operatorship of its Moroccan Lixus and Rissana Offshore licenses from Energean firm. Chariot is now operator of the Anchois gas field and has a 75% working interest in each license, with Moroccan National Office of Hydrocarbons & Mines (ONHYM) retaining its 25% stake. With operatorship […]
Morocco is accelerating its transition to natural gas as a key pillar of its energy future, aiming to increase its share to 30% of the national energy mix by 2030. The government is deploying a multisector strategy based on heavy investments and public-private partnerships to reduce coal dependence while maintaining energy security. On April 23, […]
Australian mining giant Fortescue is considering investing in Morocco’s renewable energy sector to export electricity via undersea cables to the UK. This came in an interview on the Telegraph with Andrew Forrest, the founder and boss of iron ore giant Fortescue, who is seeking support from the UK’s Secretary of State for Energy Security and […]