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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......

Enhancing Africa’s Energy Landscape: ECOWAS Workshop on Morocco-Nigeria Gas Pipeline

The Morocco-Nigeria gas pipeline, launched in 2016, is making significant progress toward its realization, with the goal of enhancing Africa’s energy infrastructure and fostering regional integration through the export of Nigerian gas. The Economic Community of West African States (ECOWAS) is hosting......

Morocco and EIB Sign $532 Million Deal for Al Haouz Earthquake Recovery

Morocco has secured a vital agreement with the European Investment Bank (EIB) to finance the recovery efforts for the regions affected by the Al Haouz earthquake. The Ministry of Economy and Finance, represented by Minister Delegate Fouzi Lekjaa, and EIB Vice President Ioannis Tsakiris, signed the deal......

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......

African Nations Convene in Tangier to Harness Ocean's Potential for Sustainable Growth

The coastal city of Tangier, Morocco, recently played host to a groundbreaking event that brought together African nations to explore the vast potential of the ocean economy. The inaugural African Ocean Week, held in conjunction with the 3rd High-Level Ministerial Conference on the Blue Belt Initiative......

Morocco's INNOVX Launches ParkX: Pioneering Sustainable Industrial Parks for a Greener Future

INNOVX, a subsidiary of Mohammed VI Polytechnic University (UM6P), has unveiled its latest venture, ParkX, dedicated to the development and management of sustainable industrial parks. This innovative subsidiary aims to revolutionize the industrial landscape by incorporating circular economy principles......

OCP Africa and Mali Join Forces to Revolutionize Agricultural Practices

In a significant move to transform Mali's agricultural landscape, OCP Africa, the African subsidiary of Morocco's OCP Group, has entered into a partnership with Mali's Ministry of Agriculture. This collaboration, backed by the World Bank, aims to enhance agricultural productivity through......

Phosboucraa Foundation: Catalyzing Sustainable Growth in Morocco's Southern Provinces

The Phosboucraa Foundation, established in 2014, has emerged as a significant force for sustainable socio-economic development across Morocco's southern provinces in the Western Sahara. According to its 2023 annual report, the foundation's initiatives have benefited over 200,000 individuals,......

Morocco Unveils $1.5 Billion Climate Fund to Accelerate Green Infrastructure

Morocco is taking bold steps to address climate change by fostering stronger public-private partnerships and leveraging innovative financing mechanisms. At the forefront of this initiative is the Mohammed VI Fund for Investment, a cornerstone of the nation's climate strategy with an initial capital......