Energy Finance Headlines Maghreb Morocco

Moroccan energy efficiency project wins €20 million financing

A Moroccan energy efficiency project has been selected in an international competition to receive a €20 million funding from the NAMA Facility. The Moroccan project, Integration of energy efficiency in the building sector, has received a €20 million fund from the Nama Facility, an international climate finance program that seeks to encourage ambitious action on […]

Africa Business Europe Headlines International Maghreb Morocco

CFC Teams up with Barcelona Financial Center to Bolster Investments between Morocco, Spain, Africa

Casablanca Finance City (CFC) and Barcelona Center Financer Europeu (BCFE) have sealed a cooperation agreement to enhance and tap investment opportunities between Spain, Morocco and Africa The deal lays the foundation for a sustainable cooperation that aims to promote investment opportunities between Spain, Morocco, Africa’s gateway. The Moroccan and Spanish financial centers pledge to set […]

Headlines Maghreb Morocco

Morocco’s King Calls for Adequate Implementation of Early Childhood Program to Address Disparities

King Mohammed VI has called for the proper implementation of the program on early childhood in a bid to address the inequalities in needy communities.   Morocco “has made tremendous efforts with regard to early childhood issues, reducing mortality rates among children & pregnant women (…) improving nutrition, widening access to primary education and healthcare”, […]

Headlines Maghreb Tunisia

Tunisia: Second round candidate’s demand for release from prison rejected

A judge has rejected a demand for the release of media mogul and candidate for the second round of Presidential elections who has been in detention since late last month on money laundering charges. Lawyers of Nabil Karoui and his party, Heart of Tunisia, said Thursday the investigative judge has rejected the demand for the […]

Africa Finance Headlines International Maghreb Morocco

Morocco to inject $3.3 million in G5 Sahel counterterrorism force

Morocco will donate $3.3 million to the priority investment program of the G5 Sahel joint force tasked with fighting terrorists and insurgents in West Africa. The announcement was made at a G5 meeting in Nouakchott by director for Maghreb and African Union at Morocco’s foreign ministry Abderrazak Laassel who underscored Morocco’s firm commitment to regional […]

Africa Egypt Energy Headlines International Maghreb

Ethiopia rejects Egypt’s plan for filling, operating $4 billion Renaissance Dam

The Ethiopian government has rejected outright Egypt’s proposal on the filling and operating of the $4 billion hydropower dam, the Great Ethiopian Renaissance Dam (GERD), being constructed by the Horn of Africa country on the Nile. Addressing a press conference in Ethiopia’s capital Addis Ababa Wednesday, Sileshi Bekele, minister for Water, Irrigation and Electricity described […]

Algeria Business Headlines Maghreb

Algeria, among worst performers in world’s economic freedom ranking, Fraser Institute

Algeria continues to lag behind in economic freedom according to a 2019 World Economic Freedom report by Fraser Institute, which underscored the lack of reforms in the oil rich country. The Canadian Fraser Institute pointed out to the plummeting economic freedom in Algeria, which ranked 159 out of 169 surveyed countries. Algeria only outperformed three […]

Business Europe Headlines International Maghreb Morocco

Swissport Wins Contract of Ground Handling Services in 15 Moroccan Airports

Swissport International has won an international tender launched by Morocco for ground handling services in 15 airports. Under the seven-year contract, the handling company pledges to provide best ground services in the airports of Agadir, Al Hoceima, Casablanca, Dakhla, Errachidia, Essaouira, Fès, Laâyoune, Marrakech, Nador, Ouarzazate, Oujda, Rabat, Tangier and Tetouan. The company vowed to […]

Egypt Europe Headlines International Maghreb

Theft of archeological artifacts: Former Italian diplomat wanted in Egypt

Egypt’s attorney general Tuesday ordered the arrest and trial in absentia of a former Italian diplomat who is believed to have been involved in the smuggling out of 21,855 archeological artifacts, which had been returned to the Arab country. In a statement from his office, Nabil Ahmed Sadek demanded the arrest of honorary consul in […]

Headlines Maghreb Tunisia

Tunisia-elections: Kais Saïed gets support of three challengers

Kais Saïed, the surprise winner of the first round of Sunday presidential elections, has received support from three opposition figures, including former President Moncef Marzouki, after the electoral commission, ISIE, confirmed the law professor and detained businessman Nabil Karoui as the two candidates for the second round. The ISIE released Tuesday results of Sunday election. […]