Investments & Projects

Morocco’s Minister of Energy Transition and Sustainable Development Leila Benali shared the recent data in the House of Councillors on Tuesday, emphasizing that the investment budget includes MAD 12 billion dedicated to phosphates.

The investment plan, Terrab announced, includes supporting programs for Small and Medium-Sized Enterprises (SMEs) operating in the industrial, agriculture, and energy sectors.

The consecutive droughts in Morocco negatively affected its water resources. Between 1960 and 2020, the share of water resources per capita fell from 2560 cubic meters to 620 cubic meters, well below the World Bank’s recommended average of 1000 cubic meters.

Prime Minister Mostafa Madbouli attended Wednesday the signing of a funding agreement worth $1.1 billion for two renewable energy projects that will be built by the UAE's AMEA Power.

Morocco's ambassador to Nigeria Moha Ou Ali Tagma has emphasized the importance of Moroccan-Nigerian cooperation, highlighting the two countries' determination to work in different fields.

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously increased the Bank’s authorised capital from $1.5 billion to $3.5 billion with effect from January 2023.

Prime Minister Mostafa Madbouly attended Wednesday the signing of a protocol between the Ministry of Industry and Trade, and eFinance to design and launch a digital platform that is intended to serve industrial investors.

Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, affirmed that Egypt seeks to be a corridor for the transit of clean energy that the African continent enjoys.

Government has signed a $3.2 billion agreement with South African firm, Thelo DB, to upgrade infrastructure on the western railway line.