Business Emerging Markets Headlines Morocco

Morocco’s investment fund partners with IFC to boost sustainable infrastructure

Morocco’s Mohammed VI Investment Fund and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership agreement on Tuesday to identify and finance sustainable infrastructure projects in the North African country. The agreement aims to support high-impact infrastructure projects in strategic sectors such as renewable energy, water, transport and logistics, […]

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Ocean Decade: Princess Lalla Hasnaa reaffirms Morocco’s strong commitment to support Africa

Morocco’s Princess Lalla Hasnaa, President of Mohammed VI Foundation for Environmental Protection & Patron of UN Decade of Ocean Sciences for Sustainable Development Alliance, has voiced the Kingdom’s steadfast commitment to strengthen cooperation ties with Africa in accordance with the far-sighted policy spearheaded by King Mohammed VI. In an address made Wednesday in Monaco to […]

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UN/Sahara: Petitioners and Delegates Support Morocco’s Autonomy Plan and UN Efforts Seeking Peaceful Resolution

Several petitioners and Delegates of UN members States have voiced unwavering support to the autonomy plan offered by Morocco for the Sahara under its sovereignty, praising the socioeconomic development achieved in the Moroccan Sahara which enjoying peace, stability and inclusive growth. Addressing the 2023 session of the United Nations C-24 convening in New York, the […]

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Michael Bloomberg thanks Morocco’s King for hosting 1st New Economy Gateway Africa Forum

U.S. billionaire and politician Michael Bloomberg has expressed his gratitude to King Mohammed VI for hosting and supporting the first Bloomberg New Economy Gateway Africa conference which opened Tuesday in Marrakesh to discuss the continent’s infrastructure potential, clean energy, and healthcare challenges. “Welcome to Marrakesh and to our first Bloomberg New Economy Gateway Africa,” said […]

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Inter-religious dialogue, a key lever to spare humanity the evils of strife and suffering, says Morocco’s King

King Mohammed VI affirmed that interfaith dialogue, meaningful coexistence, understanding and cooperation for the accomplishment of humanitarian goals would be key levers to build on in order to spare humanity the evils of strife, affliction and suffering. In a message he addressed this Tuesday to the participants in the International Parliamentary Conference on “Dialogue of […]

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WB: Morocco Gets $350 Mln Additional Funding to Enhance Social Safety Net System

The World Bank has agreed to provide Morocco $350 million additional funding to support the country’s social protection system, especially AMO-TADAMON destined for vulnerable populations (women, children & people with disabilities) and isolated populations in rural or remote areas. The new loan comes after the $400 million disbursed in 2020 to mitigate the impacts of […]

Energy Headlines International Morocco

IFC to assist Morocco accelerate its energy transition

The International Finance Corporation (IFC) will assist the Moroccan Ministry of Energy Transition & Sustainable Development accelerate Morocco’s energy transition plan through updating the national natural gas roadmap and structure a landmark public-private partnership (PPP). The two sides signed an agreement on this cooperation Monday in Rabat. The agreement focuses on developing sustainable gas infrastructure, […]

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CAF rejects Polisario membership, dealing another hard blow to Algerian regime and its puppet

The Algeria military junta and its polisario separatist puppet have suffered another humiliating setback after the African football governing body (CAF) rejected the membership of the puppet entity, which is armed, funded and sheltered by the Algerian regime. This new diplomatic setback was reported Monday by Africa Intelligence magazine. According to the regulations of the […]

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Morocco receives 5.1 million tourists up to May

Morocco’s tourism sector is showing strong recovery with 5.1 million arrivals in the first five months this year, auguring well for the country’s inflow of hard currency. Arrivals until May are in fact 20% higher than the same period in 2019, the reference pre-covid year. Arrivals in May alone were 55% higher with 1.1 million […]

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Morocco’s major waterway to be operational this summer

The first phase of Morocco’s waterway, connecting the water-rich Sebou Basin with the drought-hit Oum Rbia area, will be operational this summer to ensure steady supply to some 12 million people, Morocco’s water minister said. Speaking to MPs, minister Nizar Baraka said at a first phase, water will be channeled through 67km from Sebou basin […]