Africa Headlines International Morocco

Morocco: Royal Navy assists 236 would-be immigrants stranded in the Mediterranean

Coast guards of the Royal Navy operating in the Mediterranean Sea have provided assistance, from July 17 to 19, to 236 would-be immigrants, mostly Sub-Saharans, military sources said. The illegal immigrants, including 06 women, were in difficulty aboard makeshift boats, the source said. The rescued people received first aid on board the fighting units of […]

Americas Business Emerging Markets Headlines International Morocco

Vice Pdt. Kamala Harris Thanks Morocco’s King for Hosting U.S.-Africa Business Summit

U.S. Vice President Kamala Harris has thanked King Mohammed VI and the Corporate Council on Africa (CCA) for hosting the U.S.-Africa Business Summit which opened on 19 July in Marrakech. Addressing, remotely, participants in the summit from Washington D.C., the American Vice-President said: “I would like to thank the Corporate Council on Africa, His Majesty […]

Asia Business Headlines International Morocco

Morocco seeks Israeli defense industry know-how

Morocco and Israel are fostering their relations on all fronts including in the defense industry as Israel’s top general and Moroccan minister in charge of defense discuss means to develop cooperation to cover military manufacturing. Following talks with Israel’s army chief Aviv Kohavi in Rabat Tuesday, Minister in charge of defense, Loudiyi reiterated Morocco’s determination […]

Finance Headlines Morocco

Morocco’s OCP gets €570 million for the development of a brand new college campus for UM6P close to Rabat

The World Bank, through its Multilateral Investment Guarantee Agency (MIGA), has just announced a €570 million disbursement guarantee for the construction of a new university campus for the Mohammed VI Polytechnic University (UM6P) near Rabat. These funds are made up of loans whose guarantee lasts up to 10 years and which are allocated to the […]

Africa Finance Headlines International Morocco

AfDB hails coherence of Morocco’s development plan, resilience of its economy

President of the African Development Bank (AfDB) and Chairman of the Africa50 Board of Directors, Akinwumi Adesina, hailed on Tuesday in Marrakech the coherence of Morocco’s development plan and the resilience of its economy, which has demonstrated its ability to successfully emerge from the Covid-19 crisis. “I salute the Moroccan authorities for the coherence of […]

Africa Finance Headlines International Morocco

Morocco calls for leveraging more private funds in African infrastructure

Morocco reiterated its call for the setting up of a new African investment model that leverages capital from private and institutional investors to make up for a drop in public investments on the back of the successive crises. Speaking at an event by Africa50, an infrastructure investment platform operating under the umbrella of the African […]

Asia Headlines International Morocco

Morocco – Israel military cooperation on fast track

Israel’s army chief Aviv Kohavi, who arrived Monday in Rabat on a three-day working visit, was received Tuesday at the HQ of the Royal Moroccan Armed Forces (FAR) by Lt. General Belkhir El Farouk, Inspector General of the FAR, announced Israel Defense Forces (IDF) on twitter. During his visit, the Israeli Chief of the General […]

Energy Europe Finance Headlines International Morocco

EBRD & Climate Technology Fund support repowering wind farm in Morocco

The European Bank for Reconstruction and Development (EBRD) co-finances the repowering of the Koudia Al Baida wind farm in the north of Morocco. The EBRD is providing a senior loan of up to €44 million to the Koudia Al Baida Energy Company S.A., owned by the Moroccan Agency for Sustainable Energy (MASEN) and EDF Renewables. […]

Americas Business Headlines International Morocco

Aeronautics: U.S. Collins Aerospace to set up supply hub in Morocco

U.S. Collins Aerospace firm, a subsidiary of Raytheon Technologies Corp., will enhance its presence in Morocco by setting up a regional supply platform in the North African Kingdom wherein the aeronautic industry is thriving. The announcement was made Monday at the Farnborough International Airshow 2022, one of the world’s biggest aerospace events, taking place on […]

Africa Headlines International Morocco

WAFCON Morocco-2022, one of best editions ever organized – CAF President

President of the Confederation of African Football (CAF), Patrice Motsepe, said that the 2022 Women’s Africa Cup of Nations (WAFCON), held in Morocco July 2 to 23, is one of the best editions organized by the African body. “We can only be proud of the excellent CAN organized by the Kingdom of Morocco. This perfect […]