First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) has mobilized €300 million worth of loans for the benefit of three public enterprises in Morocco. The National Airports Office (ONDA), the National Company of Highways of Morocco (ADM), and the National Office for Electricity and Drinking Water (ONEE) are set to benefit from the loans destined […]
Tanger Med port has improved its international ranking becoming the 35th container port in the world, confirming thus its competitiveness as global logistic hub. The Northern Moroccan port climbed up to the 35th world position from its former 46th standing, according to latest “Lloyd’s Listing” and “Container Management”, which publish the top 120 ports in […]
The European Investment Bank has released a first tranche of €100 million out of a total emergency funding of €200 million destined to support Morocco’s efforts against the COVID-19 virus crisis. This is the first EIB financing in the EU’s Mediterranean neighborhood to help national authorities fight the pandemic, the bank said in a press […]
The European Investment Bank (EIB) will grant Al Amana Microfinance NGO a €3 million loan destined to support the development of Moroccan micro-enterprises and very small enterprises (VSEs), with a special focus on supporting women entrepreneurs. The agreement between the two sides seeks to facilitate access of micro-enterprises and VSEs to finance, the EIB explained […]
Morocco has successfully completed the perforation of the Al Massira dam, with the aim of improving the drinking water supply for the residents of Marrakech. The African Development Bank (AfDB), which contrinuted to the undertaking, and Morocco’s National Office for Electricity and Drinking Water (ONEE) described the feat as a breakthrough and the first of […]
Moroccan engineers managed to make a prototype of an intensive care bed that shall be produced en masse for export purposes, according to the industry ministry. The bed was made by private companies in partnership with the Moroccan industry ministry, which spurred the project. It has been designed to meet international intensive care standards and […]
The planned potash project in Khemisset (Northern Morocco) will create 2,385 direct and indirect jobs, and will increase the local GDP per capita by an estimated 40 pc. The figures were revealed by the UK fertilizer group Emmerson Plc, the Moroccan focused potash development company, when unveiling the findings of a socio-economic study of the […]
Al Akhawayn University in Ifrane (AUI) has received a $1.2 million award from the US Department of State through its Middle East Partnership Initiative (MEPI). According to the AUI, the award, entitled “Tomorrow’s Leaders”, rewards the “leadership of the University in Africa on the American educational model, which enjoys the institutional accreditation of the prestigious […]
Tanger Med was ranked as the best performing African Port in 2020 despite the challenges imposed by the Coronavirus pandemic on port traffic, UNCTAD said. The port widened the gap with other competitors in Africa in terms of connectivity with 137 direct links, UNCTAD said in a report. Globally, the port of Shanghai came first […]
As Moroccan hospitals are flooded by an increasing number of Covid-19 patients requiring intensive care, medics are complaining of a lack of equipment including ventilators and oxygen. This came as a surprise to Moroccan public opinion who is asking about the fate of the Moroccan-made ventilators that made headlines last April, showcasing Morocco’s industrial capacity […]