Emerging Markets Europe Finance Headlines International Morocco

Morocco’s ONEE, Germany’s KfW seal €50 Mln loan deal to finance drinking water supply program

The German Agency for International Cooperation (GIZ), through KfW, will grant Morocco’s National Office of Electricity and Drinking Water (ONEE) a €50 million loan destined to finance a climate-resilient drinking water supply program. The program is aimed at securing and reinforcing drinking water supply in several towns, including Ghafsai, El Hajeb, Ain Legdah, Bouderbala, Souk […]

Africa Business Finance Headlines International Morocco

AfDB contributes to sustainability, security of drinking water supply in Morocco with €18 Mln financing

Morocco’s National Office of Electricity and Drinking Water (ONEE) and the African Development Bank (AfDB) signed an additional €18 million financing agreement to ensure the sustainability and security of drinking water supply in several regions of the Kingdom. This additional financial assistance will contribute, with the €115 million loan already mobilized in 2018, to finance […]

Business Headlines Morocco

Morocco’s rural world: Electrification rate, drinking water supply near 100%

The 7.1 billion dirham ($800 million) investments injected by the National Office for Electricity and Potable Water (ONEE) in 2020 made it possible to improve the electrification rate of the rural world to 99.78 % and the rate of drinking water supply to 97.8%.   The investments enabled to ensure a normal and regular supply […]