Finance Headlines Morocco

African Development Bank lends Morocco $1.1 bln in 8 months

The African Development Bank granted Morocco $1.1 billion in loans over the last 8 months to finance strategic sectors, head of the bank’s branch in Morocco Leila Farah Mokkadem said. “Morocco is a country with which we have enjoyed close ties for five decades,” she told MAP, adding that Morocco is the bank’s first client. […]

Headlines Morocco

COVID-19: Facemasks wearing compulsory outside home, Interior Ministry reiterates

Morocco’s Ministry of the Interior reiterated that it is compulsory for all individuals to wear protective facemasks anywhere outside home and threatened violators of the law with prison sentences and fines. The ministry specified, in a communiqué released this Saturday July 25, that the regulation is in line with “a constant and continuous concern to […]

Energy Europe Headlines International Morocco

Gibraltar considers power link with Morocco – Spanish media

Gibraltar is considering building an undersea power link with Morocco, which in recent years has been exporting electricity to the Iberian peninsula, according to Al Geciras al Minoto. Authorities in Gibraltar are looking to Morocco as a reliable energy supplier that is forging ahead steadily with a clean energy plan aiming to secure 52% of […]

Algeria Headlines Maghreb Morocco

Tindouf camps: Tradesmen stage demonstrations in front of Brahim Ghali’s offices

The Tindouf camps are in turmoil despite the coronavirus induced confinement. This time, it was the tradesmen operating inside these camps who took to the streets, accusing the Polisario leaders of having “methodically killed their subsistence activity”. Thursday, for the second consecutive day, hundreds of Sahrawi tradesmen have organized a sit-in, which they describe as […]

Africa Headlines International

Côte d’Ivoire: Former FM Marcel Amon Tanoh to run for October presidential election

Former Foreign Minister, Marcel Amon Tanoh, announced his candidacy for the October presidential election in Côte d’Ivoire. The Former Foreign Minister has not yet specified the political movement under which he will enter the race. Marcel Amon Tanoh, who was formerly close to President Alassane Ouattara, declared himself a candidate for the October presidential election […]

Africa Headlines International

Political crisis in Mali: ECOWAS calls for an extraordinary summit

The mission of the five West African Heads of State led by the current President of ECOWAS, Mahamadou Issoufou of Niger, ended on Thursday evening, without any breakthrough. Muhammadu Buhari, Mahamadou Issoufou, Alassane Ouattara, Nana Akufo-Addo and Macky Sall failed to get the Malian opposition to accept their plan to get the country out of […]

Europe Headlines International Morocco

Spanish police rounds up Moroccan national over terrorism propaganda

Spanish police have arrested near Barcelona a Moroccan national accused of the apology of terrorism and anti-Semite behaviors, reports say. The man, living at Tarrasa near the capital of the Catalonia region, has been on security forces’ radar for over a year for frequent posts on social media of photographs and videos promoting terrorism and […]

Europe Finance Headlines International Morocco

Morocco’s BCP Bank gets $100 Mln loan from EBRD to mitigate COVID-19 impact

The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]

Europe Finance Headlines International Maghreb Morocco

Germany extends Morocco loans, grants worth €701.3Mln

Germany will extend Morocco loans and grants worth €701.3Mln within the framework of financial and technical cooperation between the two countries. Three agreements related to the funding were signed Wednesday in Rabat by Minister of Economy and Finance Mohamed Benchaaboun, and Germany’s Ambassador to Morocco Götz Schmidt-Bremme. The agreements reflect the excellence of cooperation relations […]