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Mohammed VI Fund for Investment, EIB sign new €500M financing package

the European Investment Bank (EIB) will extend the Mohammed VI Fund for Investment (FM6I) a new financing package worth €500 million. The Mohammed VI Fund for Investment (FM6I) and the European Investment Bank (EIB) have signed a mandate letter covering a financing package of 500 million euros for the Fund. The financing-related mandate letter, signed […]

Asia Europe Headlines International Morocco

Morocco, UK believe two-state solution, a necessity to promote security in Middle East (British Minister of State)

The United Kingdom and Morocco believe that a two-State solution is the path to promote peace and security in the Middle East, British Minister of State for the Middle East, North Africa, South Asia and the United Nations, Lord Tariq Ahmad of Wimbledon, said Wednesday in Rabat. The United Kingdom and Morocco believe that the […]

Business Emerging Markets Energy Headlines Morocco

Climate Change Adaptation: Morocco’s OCP gets $18 Mln loan from Canada–AfDB for desalination projects

The Canada–African Development Bank Climate Fund (CACF) provides Moroccan OCP group a $18 million concessional loan to support the construction of three seawater desalination plants. In a press release issued Tuesday, CACF said the funding is destined to advance Morocco’s climate adaptation efforts as the projects will enable the North African Kingdom to produce and […]

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Africa Investment Forum: Morocco’s King Calls for Boosting Entrepreneurship to unleash Africa‘s Full Potential

King Mohammed VI has called for bold and innovative initiatives to encourage private entrepreneurship avail the huge business opportunities offered in the African Continent. In a message addressed to participants in the 4th Africa Investment Forum, which opened in Marrakech under the theme: “Unlocking Africa’s Value Chains”, the Monarch urged African countries to adopt an […]

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Algeria’s ambassador returns to Madrid empty-handed

In a recent manifestation of erratic diplomacy, Algeria returned its ambassador to Madrid after a recall that lasted 18 months in protest against Spain’s sovereign decision to back Morocco’s sovereignty over the Sahara and its autonomy plan. Algeria has shown its real face as the genuine party to the Sahara conflict by protesting against the […]

Asia Headlines International Morocco

Morocco’s Hammouchi takes part in annual events of Naif Arab University for Security Sciences

Director General of National Security and Territorial Surveillance, Abdellatif Hammouchi, took part on Monday in Riyadh in the annual graduation ceremony held by the Naif Arab University for Security Sciences (NAUSS). The ceremony was an opportunity to celebrate the 223 graduates of the 41st class, who have successfully completed their higher education by obtaining masters […]

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OCP Group, UM6P, US Regrow to create tailored carbon stock monitoring system for African soil

Morocco’s OCP Group, the world’s largest phosphate-based fertilizer producer, the Mohammed VI Polytechnic University (UM6P), and Regrow, an American startup invested in the agricultural field, last week, signed a strategic partnership to develop a Measurement, Reporting and Verification (MRV) system specific to African soil. The system is based on the “DNDC” (DeNitrification-DeComposition) biogeochemical model, a […]

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Bayt Mal Al-Quds Agency-financed olive harvest season continues in Al-Quds

The olive harvest season continues in some 30 villages in the northwestern governorate of Al-Quds and others inside the wall, as part of the “Aouna 2023” campaign funded by Bayt Mal Al-Quds Asharif Agency. The campaign is “organized in coordination with the governorate of Al-Quds, as part of the Agency’s program to support active categories […]

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King Mohammed VI urges international initiative to enable Sahel countries to access Atlantic coast

King Mohammed VI has called for launching an international initiative to help Sahel countries access the Atlantic Ocean. In a speech marking the 48th anniversary of the Green March he delivered Monday evening, the King recalled the difficulties facing African sister countries in the Sahel. Such issues “will not be solved by security and military […]

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Morocco’s King underscores human, economic significance of Atlantic coast

Morocco’s King Mohammed VI urged an upgrade of Morocco’s Atlantic coast, highlighting its role in terms of human interaction and economic integration at the continental and international levels. “Just as the Mediterranean links Morocco to Europe, the Atlantic coast is our gateway to Africa and the Americas,” said the King in a speech marking the […]