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EIB enhances support for Morocco's development with record investment

The European Investment Bank (EIB) has strengthened its commitment to Morocco's development initiatives, surpassing the €10 billion investment mark since the inception of its partnership with the North African nation. A recent statement shared with Morocco World News reveals that the financing......

EU's 'Grow & Pitch' Program Recognizes Top Souss-Massa Cooperatives for Sustainable Development

The Souss-Massa region has witnessed a significant milestone in cooperative development through the successful conclusion of the "Grow & Pitch" program, a collaborative initiative between the European Investment Bank (EIB), European Union (EU), and Bank of Africa, in partnership with the......

Morocco and EU Partner to Advance Earthquake Recovery with €190 Million Investment

Morocco and the European Union (EU) have signed a €190 million (approximately 2 billion MAD) financing agreement aimed at accelerating the recovery of areas devastated by the 2023 Al Haouz earthquake. The deal, formalized in Rabat by Morocco’s Minister Delegate for the Budget, Fouzi Lekjaa,......

EIB Strengthens Morocco Partnership with €1 Billion Post-Earthquake Recovery Investment

The European Investment Bank (EIB) has strengthened its long-standing partnership with Morocco by providing a significant €1 billion loan package. This marks a notable expansion of the EIB's nearly €10 billion investment in the country since 1979. EIB Vice President Ioannis Tsakiris outlined......

Morocco's Rural Education Overhaul: EIB, EU, and Government Launch €125.8 Million Initiative

In a significant move to address educational disparities in Morocco's rural areas, the European Investment Bank (EIB), the European Union (EU), and Morocco's Ministry of National Education, Preschool, and Sports (MENPS) have joined forces to launch a comprehensive €125.8 million technical......

Morocco's Railway System Set for Climate-Resilient Upgrade with EIB Partnership

In a significant move towards sustainable transportation, the European Investment Bank (EIB) and Morocco's Office of Railways (ONCF) have joined forces to enhance the climate resilience of Morocco's railway network. This partnership, formalized through a technical assistance agreement, aims to......

Green Hydrogen Ambitions: Morocco's Path to Renewable Energy Leadership

Morocco has unveiled a transformative initiative aimed at generating 30,000 jobs in the burgeoning green hydrogen sector, marking a significant step in the country's renewable energy strategy. During the World Power-to-X Summit in Marrakech, Younes Sekkouri, Minister of Economic Inclusion, Small......

Morocco Unveils Comprehensive Water Management Strategy to Combat Escalating Scarcity Crisis

In response to growing concerns regarding water scarcity, the Moroccan government has revealed a comprehensive strategy aimed at addressing the nation's escalating water crisis. Speaking on Thursday, spokesperson Mustapha Baitas assured citizens of the government's unwavering commitment to implementing......

EIB Invests €115 Million in Advancing Sustainable Technology Parks in Morocco

This significant initiative aligns with the Moroccan government’s new economic model and industrial acceleration strategy aimed at positioning Morocco as a leader in sustainable development. MEDZ, the wholly-owned regional development subsidiary of Morocco’s CDG Group, is set to receive €115......