First Independent Mena Newspaper
The African Development Bank Group has approved a €117 million loan to Morocco to enable the North African country to finance a project destined to ensure the sustainability and security of access to drinking water. The project aims to secure access to drinking water in the provinces of Guercif, Zagora, Al Hoceima, Tanger and Beni […]
Morocco’s BCP Bank and the African Development Bank teamed up in a $100 million agreement to boost trade between African countries. The deal (risk participation agreement) provides for cooperation to promote trade between African states by meeting the growing demand on financing transactions in the continent, the Moroccan bank said in a statement. The BCP […]
The positive performance of the Moroccan economy enabled North Africa to achieve the second highest growth rate of 4.9% at the African level, the African Development Bank said. The performance of the Moroccan economy, which saw growth rise from 1.2% in 2016 to 4.1% in 2017 gave a boost to North African posted the second […]
The achievement of the solar energy project in Midelt, in the Middle Atlas mountainous range, took a leap forward with a loan from the African Development Bank (AfDB) worth $265 million. Moroccan news outlets reported that the funding will help push forward the completion of the first phase of Noor Midelt project, which will have […]
In a bid to revamp rail transport in the Maghreb region, the Secretariat of the Arab Maghreb Union (AMU) is supervising a feasibility study worth $1.7 billion, funded by the African Development Bank (AfDB). The train aims to link the three countries of Morocco, Algeria and Tunisia. The feasibility studies are launched at a time […]
Morocco has received approval for a $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. he Midelt Phase I Concentrated Solar Power Project is being supported by the African Development Bank (AfDB) […]
Attijariwafa Bank, la Caisse Centrale de Garantie and le Groupe Crédit Agricole du Maroc have all won 2017 African Banker Awards in various categories. Attijariwafa Bank has been awarded the trophy of “Best Regional Bank in North Africa”, la Caisse Centrale de Garantie has obtained the “Financial Inclusion Award”, while le Groupe Crédit Agricole du […]
The African Development Bank (AfDB) issued a report on Morocco’s efforts to strengthen economic ties with African countries, noting that the Kingdom is steadily becoming a main economic hub in the continent. The report dubbed “Analysis of Morocco’s Trade Policy,” sheds light on the progress of Morocco’s trade with Africa and recommends lowering custom duties […]
A new momentum was added to Morocco’s Africa foreign policy with the recent eastern African tour undertaken by King Mohammed VI to Rwanda and Tanzania. This impetus will be strengthened with another Royal visit to two longstanding friends of Morocco in western Africa, namely Gabon and Senegal. The news was related by the Arabic speaking […]
The Japan-Africa economic summit, held in Nairobi August 27-28, was an opportunity for Morocco to stress the centrality of trilateral cooperation in the Kingdom’s foreign policy. Speaking at the summit, Morocco’s Ambassador to Kenya Abdelilah Benryane reiterated the Kingdom’s willingness to share its expertise and know-how with African countries through trilateral cooperation frameworks involving countries […]