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Building Financial Infrastructure Resilience at AFIS 2024

The discussions on Day 2 of the Africa Financial Summit (AFIS) focused on solutions to steer the continent toward a more connected and inclusive financial future. Casablanca – Africa Financial Summit Shaping Financial Future The Africa Financial Summit (AFIS) is in full swing, with a strong focus......

Morocco's OCP Plans $14 Billion Investment Strategy for 2025-2027

Morocco's state phosphate company OCP has announced an ambitious MAD 139 billion ($14 billion) investment plan spanning 2025 to 2027, marking a significant expansion of its operations and sustainability initiatives. According to a recent report from the Ministry of Economy, the investment will be......

IFC Injects $37 Million to Modernize Morocco's Logistics Infrastructure

In a significant move to strengthen Morocco's logistics sector, the International Finance Corporation (IFC) has announced a $37 million investment in Building Logistics Services (BLS), a key logistics operator in the North African nation. The agreement, signed during the International Monetary Fund......

Combatting Water Scarcity and Food Insecurity: OCP Secures €100m Loan from IFC

In a move poised to have a significant impact on the lives of millions of people across Africa, Morocco's leading phosphate producer, OCP Group, has secured a €100 million loan from the International Finance Corporation (IFC) to combat water scarcity and food insecurity on the continent. This......

IFC's $100 Million Investment Fuels Morocco's Economic Growth and Green Transition

The International Finance Corporation (IFC) is making a significant investment in Morocco's economic future, injecting $100 million into Crédit du Maroc to drive small business expansion and facilitate the country's shift towards renewable energy. This financial infusion, equivalent to......

Iberdrola Expands Clean Energy Reach with €300 Million Investment in Morocco

Spanish energy leader Iberdrola is amplifying its commitment to renewable energy with a strategic move into Morocco. The company unveiled its latest initiative this week, securing a substantial €300 million loan from the International Finance Corporation (IFC) to accelerate its global transition......