Europe Finance Headlines International Morocco

EU supports Morocco’s health sector with €100 million

The European Union will extend Morocco €100 million (1.1 billion dirhams) to support the financing of the health sector in the context of the Covid-19 crisis The related agreement was signed Tuesday by Economy & Finance Minister Mohamed Benchaâboun, Minister of Health Khalid Ait Taleb, and ambassador of the EU in Morocco, Claudia Wiedey, The […]

Headlines Libya

UN agencies warn conflict, COVID-19 pandemic present a significant threat to life in Libya

The ongoing conflict and the COVID-19 pandemic present a significant threat to life in Libya. The health and safety of the country’s entire population are at risk, warned several UN agencies in a joint statement released this Wednesday. Despite repeated calls for a humanitarian ceasefire, including by the United Nations Secretary-General, hostilities continue unabated, hindering […]

Africa Europe Headlines International

Coronavirus: EU sets up humanitarian air bridge to CAR, other African countries

The European Commission has set up an EU humanitarian air bridge to transport humanitarian workers and emergency supplies for the coronavirus response to some of most critical areas around the world. The first EU flight, operated in cooperation with France, is flying from Lyon to the Central African Republic this Friday. It will transport around […]

Europe Headlines International Morocco

EU welcomes Morocco’s tax reforms

The EU promised to remove Morocco from the tax haven grey list after commending the reforms undertaken by the country to improve financial transparency and fight tax evasion. An EU special committee has announced that the steps taken by Morocco to bring its tax system concerning free zones in line with European standards will lead […]

Africa Europe Headlines International Morocco

Covid-19: EU welcomes Moroccan King’s African initiative

The European Union lauded King Mohammed VI’s Africa initiative, calling for the establishment of an operational framework to support African countries in the management of the Covid-19 pandemic. “This initiative seems to fit perfectly with Morocco’s return to the African family, which we have observed with great interest for several years, especially in many areas […]

Business Europe Finance Headlines International Morocco

EU supports Morocco’s education sector with $150 mln

The EU will offer $150 million in support to Morocco’s education sector in its efforts to promote distance learning which has become vital amid a lockdown to counter the coronavirus outbreak. In this regards, the EU, Morocco’s finance ministry and education ministry signed a deal to help invest the money to promote Morocco’s educational offer, […]

Business Europe Headlines International Morocco

Post Covid-19 Crisis: Rabat calls for new cooperation model with EU

Morocco and the European Union discussed on Monday new partnership opportunities in the aftermath of the coronavirus pandemic which has affected global trade and economy. During videoconference talks with the European Commissioner for Competition Margrethe Vestager, Moroccan minister of Industry and Trade Moulay Hafid Elalamy called for “a deep review of the EU- Morocco partnership” […]

Europe Finance Headlines International Morocco

Coronavirus: Moroccan Women-Led SMEs Get EBRD-EU Support

The EBRD, together with the European Union (EU), is stepping up efforts to support small and medium-sized enterprises managed and owned by businesswomen in Morocco, amidst the coronavirus pandemic, considering that women entrepreneurs are expected to be disproportionately affected by the crisis as their firms tend to be concentrated in certain sectors. The EBRD is […]

Africa Finance Headlines International

COVID-19: African finance ministers seek IMF, World Bank and EU support on debt relief

African finance ministers have requested the support of the International Monetary Fund, the World Bank and the European Union for bilateral, multilateral and commercial debt relief amid the coronavirus crisis.   The request was germinated from the second virtual meeting on Tuesday, hosted by Vera Songwe, Executive Secretary of the Economic Commission for Africa, and […]