First Independent Mena Newspaper
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 […]
Japan announced it will invest $30 billion in support of Africa’s economic growth and infrastructure over the next three years. The pledge was made by Japan’s Prime Minister Shinzo Abe at the Japan-Africa economic summit in Nairobi, as Tokyo competes for influence in the continent with the U.S., China and former European colonial powers such […]
The African Development Bank (AfDB) commended Morocco’s commitment to economic development in Africa, saying that the Kingdom gears 85% of its foreign direct investments to the continent. In a statement issued following the visit of the AfDB President Akinwumi Adesina to Morocco last week, the Bank described the Kingdom as “one of AfDB’s best performing […]
Morocco’s railway authority received Wednesday a $112.3 million loan from the African Development Bank (AfDB) earmarked for doubling train tracks on the Settat-Marrakech route. The new deal signed in Abidjan, Côte d’Ivoire, will enable Morocco’s National Railway Authority (ONCF) to double train tracks on the 142 km-long Settat-Marrakech route; a project which will help boost […]
The European Bank for Reconstruction and Development (EBRD) has announced a €200 million loan to state-owned “Société Nador West MED” to enable it finance the basic infrastructure for a new port on the Mediterranean coast of Morocco in the city of Nador. The development of the port is a major boost for eastern Morocco and […]