Trending
- Natural gas offers the flame of opportunity for African economies
- Africa shows real promise in green hydrogen
- Forum positions Africa as a hub for trade and investment
- AfDB and ECOWAS take stock of regional integration strategy
- A Safaricom-Apple partnership is on the horizon
- Africa’s energy quest: Challenges, opportunities, and partnerships
- Elon Musk’s Starlink is off to a bright start in Africa
- Wars, economic woes dent Africa’s social policy reform gains
Browsing: Morocco
The eastern Libyan city of Derna has gone into mourning after catastrophic flooding that left about 10,000 people missing. Rescue teams have embarked on recovery efforts for the remains of loved ones as the scale of the disaster unfolds. Media reports say authorities estimate that close to 2,000 people have lost their lives in the Derna area alone.
The Libyan Government of National Unity (GNU) has issued a heartbreaking report stating that the entire road and bridge network in Derna has collapsed. This now calls for an estimated $67 million for reconstruction.…
Africa’s e-mobility is gaining momentum, largely driven by the daunting climate change crisis, fueling the need to decarbonize transport systems. African countries remain in pursuit of e-mobility solutions and advancement to low-carbon economies. Africa’s endowment with minerals key to the global green transition offers a significant advantage.…
Population growth and economic development have necessitated speeding up and scaling up infrastructure development in Africa. Over 28 African nations have seen population growth of more than double in the last 30 years. The population of 26 other African countries will quadruple over the next 30 years. Consequently, funding for the continent’s infrastructure has become essential.…
- IFC and the Sovereign Fund will identify high-impact infrastructure projects in strategic sectors in Morocco.
- They will work closely with stakeholders to structure them into viable projects, respecting the best environmental, social and governance standards.
- IFC will also support the establishment of an Infrastructure sub-fund of the Mohammed VI Fund for Investment open to Moroccan and international partners.
A cooperation between the Mohammed VI Fund for Investment and the IFC has been established to find and fund sustainable infrastructure projects in Morocco.
One of the most important segments of the Moroccan economy is the infrastructure industry. Large capital investments are necessary, necessitating more private sector investment alongside public investment.
Infrastructure projects in Morocco
In accordance with this agreement, the Sovereign Fund and IFC will find high-impact infrastructure projects in Morocco industries.
“IFC is supporting the Government of Morocco to mobilise private investment in the infrastructure sector. This new partnership signed …
- The European Investment Bank (EIB) and the City Climate Finance Gap Fund (Gap Fund) will support the municipality of Chefchaouen, Morocco to optimize municipal waste management services.
- The technical assistance implemented by the Gap Fund will make it possible to carry out a pre-feasibility study to assess, develop and organize waste management, in accordance with the city’s master plan.
- This project will contribute to the achievement of local and national environmental and climate objectives, while improving the quality of life of the inhabitants.
The European Investment Bank (EIB) has announced plans to assist Morocco improve management, treatment and recovery of organic waste. The technical assistance will be implemented by the City Climate Finance Gap Fund for the benefit of the municipality of Chefchaouen.
The technical and financial support first provides for an assessment of the composition of household waste to estimate its economic potential. It will enable the development of …
- The African Fertiliser and Agribusiness Partnership (AFAP) notes that over 40 per cent of African soils face nutrient depletion because of failure to apply sufficient levels of fertilisers
- Farmers in most countries are increasing their application levels, with the fertiliser application rate in Sub-Saharan Africa expected to increase to 22 kilograms per hectare by the end of 2022
- In Africa, the production of the material is concentrated in the northern parts of the continent
A study by the African Development Bank Group in 2019 revealed that most African countries depend on imported fertilisers for agricultural production.
The imports are mainly due to the lack of low-cost raw materials for production, low utilisation and high capital requirements for investment in production facilities.
According to the African Fertiliser and Agribusiness Partnership (AFAP), over 40 per cent of African soils face nutrient depletion, partly because of a failure to apply sufficient levels of
-
According to the United Nations Environment Programme (UNEP), the continent holds 30 per cent of the world’s mineral reserves
-
Despite being endowed with these resources, the continent still lags in development partly due to colonisation and corruption
-
By 2050, the African economy is expected to reach a Gross Domestic Product (GDP) of US$29, driven by agricultural, trade, and natural resources investments
-
Nigeria has the largest economy in Africa, followed by South Africa and Egypt
Africa is a blessed continent with a large quantity of natural resources, renewables and non-renewables.
According to the United Nations Environment Programme (UNEP), the continent holds 30 per cent of the world’s mineral reserves, eight per cent of the world’s natural Gas and 12 per cent of the world’s oil reserves.
“The continent has 40 per cent of the world’s gold and up to 90 per cent of its chromium and platinum. The world’s largest reserves
-
The summit that will be held from Tuesday, July 19, until Friday, July 22, will focus on economic recovery post-COVID-19 pandemic
-
The 2022 summit is being held under the theme “Building Forward Together” and will explore investment opportunities amid rising inflation and high cost of living
-
Morocco had in 2020 been selected by the CCA Board of Directors to host the conference, which was cancelled due to the COVID-19 pandemic
-
It’s the first time Corporate Council on Africa (CCA) organised the summit on African soil
The four-day 14th United States-Africa summit began on Tuesday, July 19, in Marrakech, Morocco.
The summit that will be held until Friday, July 22, will focus on economic recovery post-COVID-19 pandemic. It will provide opportunities for the Joe Biden-led administration and its partners in Africa to enhance their bilateral relations.
The 2022 summit is being held under the theme “Building Forward Together”. For four days,
- The Africa Green Hydrogen Alliance targets accelerating the transition from fossil fuels overreliance that has made the continent reluctant, as fossil fuels drive most economies in the continent
- Green hydrogen could provide Africans with new access to cleaner energy sources, employment opportunities, public health benefits due to cleaner air, GDP creation and export revenues outside Africa
- Six African nations have formally launched the Africa Green Hydrogen Alliance. The countries include South Africa, Kenya, Egypt, Morocco, Namibia and Mauritania
Six African nations have formally launched the Africa Green Hydrogen Alliance. The Alliance aims to make Africa a pioneer in adopting cleaner energy sources by producing green hydrogen.
The countries include South Africa, Kenya, Egypt, Morocco, Namibia and Mauritania.
The countries formally launched the Alliance at the first-ever Green Hydrogen Global Assembly in Barcelona, Spain, with the support of the UN Climate Change High-Level Champions, the Green Hydrogen Organisation (GH2), …
- Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union
- Automotive was among the first industries to establish itself in Morocco and has become one of its success stories.
- Morocco’s aerospace exports, according to official estimates, increased by 21.9 per cent last year to $1.6 billion after plunging by over 30% in 2020 as a result of the global aircraft industry crisis prompted by the Covid-19 epidemic.
Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union.
However, the emphasis has shifted to higher-value, higher-tech industries such as the automotive industry, aerospace, and pharmaceuticals, with Moroccan firms collaborating with foreign …