Tag Archives: MOROCCO

Sand to Green: A Sustainable Oasis in Morocco’s Desert

(IN BRIEF) Sand to Green, a beneficiary of the EBRD Star Venture programme, is making significant strides in combating desertification and promoting sustainable agriculture in Morocco. Founded by Benjamin Rombaut, Gautier De Carcouët, and Wissal Ben Moussa, the company utilizes … Read the full press release

EBRD Literature Prize Shortlist Reflects Diverse Voices from Across Regions

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has revealed the shortlist for the prestigious EBRD Literature Prize, showcasing a diverse array of compelling works from writers across several countries and regions of the Bank’s operation. Selected by … Read the full press release

Iberdrola Secures €300 Million Loan from World Bank’s IFC for Renewable Projects in Fossil Fuel-Dependent Nations

(IN BRIEF) Iberdrola has entered into a loan agreement with the International Finance Corporation (IFC), the private sector investment arm of the World Bank, for €300 million, linked to ESG criteria, to support renewable energy projects in countries heavily reliant … Read the full press release

Majda Lahlou Kassi Takes the Helm as Ericsson’s VP for West Africa and Morocco

(IN BRIEF) Ericsson has announced the appointment of Majda Lahlou Kassi as the Vice President and Head of Ericsson West Africa and Morocco, effective from January 1, 2024. With nearly 25 years of experience at Ericsson, Majda will lead the … Read the full press release

Barry Callebaut’s Sweet Success: One Year of Chocolate Manufacturing in Casablanca, Morocco

(IN BRIEF) Barry Callebaut, a prominent chocolate manufacturer, has celebrated the one-year anniversary of its chocolate and compound factory in Casablanca, Morocco. The factory, established in partnership with Attelli SARL, has become a hub for manufacturing excellence and innovation in … Read the full press release

EBRD Commits €250 Million Recovery Package to Assist Morocco After Devastating Earthquake

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing Morocco with an initial earthquake response package of up to €250 million from 2023 to 2025 to aid recovery efforts in regions of the Atlas Mountains affected by … Read the full press release

EBRD and Morocco’s Ministry of Energy Partner to Advance Green Energy Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Morocco’s Ministry of Energy Transition and Sustainable Development (METSD) have signed a Memorandum of Understanding to collaborate on accelerating the decarbonization of Morocco’s electricity sector. The partnership will focus … Read the full press release

EIB Commits €1 Billion for Morocco’s Post-Earthquake Reconstruction

(IN BRIEF) The European Investment Bank (EIB) has pledged €1 billion for Morocco’s post-earthquake reconstruction program over the next three years. This funding aligns with Morocco’s national recovery program priorities and aims to mobilize a total of €12 billion by … Read the full press release

Siemens and Siemens Healthineers Donate €1 Million for Earthquake and Flood Victims in Morocco and Libya

(IN BRIEF) Siemens AG and Siemens Healthineers have jointly pledged €1 million in immediate assistance to aid earthquake and flood victims in Morocco and Libya. The companies have also encouraged their employees to contribute to the relief efforts, with every … Read the full press release

EIB President Hoyer Offers Condolences and Financial Support to Morocco After Devastating Earthquake

(IN BRIEF) President Hoyer of the European Investment Bank (EIB) expressed heartfelt condolences and solidarity with Morocco following a powerful earthquake near Marrakech with a magnitude of 6.8. In a letter to King Mohammed VI, he offered assistance in rebuilding … Read the full press release

Moroccan SME Neodenim Adopts Sustainable Clothing Production with EBRD Support

(IN BRIEF) Moroccan SME, Neodenim, supported by the European Bank for Reconstruction and Development (EBRD), has adopted more energy-efficient and sustainable clothing production practices. With the installation of new machines, the company now reduces energy, water, and chemical consumption during … Read the full press release

EBRD Extends €50 Million Credit Line to Bank of Africa to Boost Moroccan SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €50 million credit line to Bank of Africa – BMCE Group (BOA) to support micro, small, and medium-sized enterprises (MSMEs) in Morocco. The loan aims to enhance … Read the full press release

EBRD hosts first event of Alliance for Entrepreneurship in Africa to support North African start-ups

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) hosted an event in Cairo to launch the Alliance for Entrepreneurship in Africa. The aim of the Alliance is to promote cooperation between policymakers and stakeholders in the African start-up … Read the full press release

Africa’s oldest wind farm Koudia Al Baida to double its capacity to 100 MW with financing from EBRD and the Climate Technology Fund (CTF)

Total €49 million financing package from the EBRD and €4.5 million from the CTF to repower Koudia Al Baida wind farm in Morocco Investment to double the wind farm’s capacity and lead to significant CO2 emission reductions First wind-repowering project in … Read the full press release

Le plus ancien parc éolien d’Afrique, Koudia Al Baida, va doubler sa capacité à 100 MW grâce au financement de la BERD et du Climate Technology Fund (CTF)

Financement total de 49 millions d’euros de la BERD et de 4,5 millions d’euros du CTF pour la remotorisation du parc éolien de Koudia Al Baida au Maroc Investissement pour doubler la capacité du parc éolien et entraîner d’importantes réductions … Read the full press release

Alstom to build new production line for board transformers with EUR 10.5 million investment in Morocco

(PRESS RELEASE) SAINT-OUEN, 14-Dec-2021 — /EuropaWire/ — Alstom (EPA: ALO), a French multinational rolling stock manufacturer and leader in sustainable and green mobility solutions, has announced a EUR 10.5 million investment in Morocco for the development of a new 13 … Read the full press release

Safran Electrical & Power and Boeing joint venture announces the appointment of the first woman to manage an aerospace company in Morocco

(PRESS RELEASE) CASABLANCA, Morocco, 9-Aug-2019 — /EuropaWire/ — On July 3, 2019, Zahira Bouaouda, became the first woman to manage an aerospace company in Morocco. Zahira was appointed President of MATIS Aerospace, specializing in electrical wiring interconnection systems. In 1997, … Read the full press release

Tangier-Casablanca high speed line inaugurates with high-speed trains supplied by Alstom

Saint-Ouen, France, 16-Nov-2018 — /EuropaWire/ — Alstom participates today in the inauguration of the Tangier-Casablanca high speed line with its very high-speed trains supplied and delivered to the Office National des Chemins de Fer Marocain (ONCF). The line has been inaugurated by His … Read the full press release

EBRD and EU support first Moroccan business under Value Chain and Competitiveness Programme in Morocco

EBRD and EU support first Moroccan business under Value Chain and Competitiveness Programme in Morocco FINTECC programme to optimise the resources of Multisac Company to receive technical assistance through Blue Ribbon programme. LONDON, 25-Sep-2018 — /EuropaWire/ — Supporting the development of the packaging … Read the full press release

Anti-rating: No leap of faith here: 15 countries with restrictions on cryptocurrency transactions

Worldcore, an international company that specializes in payment transactions and serves over 300,000 clients in 47 countries, has comprised its own rating of 15 countries where you may encounter problems with cryptocurrency transactions or mining. PRAGUE, 10-May-2018 — /EuropaWire/ — … Read the full press release

Volvo Group starts a training programme for truck drivers in Morocco

GOTHENBURG, 11-Apr-2018 — /EuropaWire/ — The Volvo Group is starting a training programme for truck drivers in Morocco. This is the second driver training school in Africa that the group is involved in. The aim of the schools is to increase … Read the full press release

Groupe BPCE to divest 100% of Banque des Mascareignes to Groupe Banque Centrale Populaire and Groupe Sipromad

PARIS, 23-Feb-2018 — /EuropaWire/ — Groupe BPCE announces the signature of an agreement providing for the divestment of 100% of Banque des Mascareignes to Groupe Banque Centrale Populaire and Groupe Sipromad. The agreement concerns the divestment by BPCE International of Banque … Read the full press release

Experts from Tunisia, Morocco and Russia debate on the role of nuclear technologies in achieving sustainable development

MOSCOW, 10-Nov-2016 — /EuropaWire/ —The round table on the role of nuclear technologies in achieving sustainable development, organized by the Arab Atomic Energy Agency, it was attended by a group of experts from Tunisia, Morocco and Russia with the purpose … Read the full press release

Zandre Campos Recipient Of Distinguished Business Excellence Award

CEO of ABO Capital receives special recognition from the African community LISBON, Portugal, 27-Sep-2016 — /EuropaWire/ — ABO Capital, a leading international investment firm headquartered in Angola, announced today that its CEO Zandre Campos was named one of the Top … Read the full press release

APM Terminals to develop new transshipment terminal in Tangier, Morocco

Port operator APM Terminals to develop a new transshipment terminal in Tangier with an annual capacity of five million TEUs. APM Terminals MedPort Tangier will become operational in 2019, serving multiple trades and will be the first automated terminal in … Read the full press release

Borealis and Borouge announce the opening of dual-branded sales office in Casablanca, Morocco

VIENNA, 29-5-2015 — /EuropaWire/ — Borealis and Borouge announce the opening of a dual-branded sales office in Casablanca, Morocco, as of 14 May 2015. Borealis and Borouge are leading providers of innovative, value-creating plastics solutions and the new venture reflects … Read the full press release

The European Investment Bank launched new recruitment campaign for its FEMIP Internship Programme

Luxembourg, 18-10-2013 — /EuropaWire/ — The European Investment Bank (EIB) is currently launching a new recruitment campaign for its FEMIP Internship Programme. The Programme is open to students who are nationals of the Mediterranean partner countries (Algeria, Egypt, Gaza/West Bank, Israel, Jordan, … Read the full press release

Cassidian completed the integrated security system for the protection of Tanger Med harbour in northern Morocco

To combat illegal immigration, terrorist attacs and smuggling Biggest port in Africa and the Mediterranean Sea 13-6-2013 — /europawire.eu/ — Cassidian has completed the integrated security system for the protection of Tanger Med harbour in northern Morocco. The Integrated MARitime SECurity … Read the full press release

EBRD, Banque Centrale Populaire to support international trade for Moroccan companies

A 50 million US dollar trade finance line with Banque Centrale Populaire 11-6-2013 — /europawire.eu/ — The EBRD is partnering with Banque Centrale Populaire to strengthen bank support for Moroccan companies in terms of international trade so that they can raise … Read the full press release

EBRD report: Egypt, Tunisia, Morocco and Jordan need Functioning Insolvency Systems To Support Growth

EBRD’s Law in Transition report: Egypt, Tunisia, Morocco and Jordan need to do more to help, not kill, struggling businesses 13-5-2013 — /europawire.eu/ —  There will be no real growth without working insolvency systems in Egypt, Tunisia, Morocco and Jordan, … Read the full press release

L’UE s’engage à renforcer son soutien au développement humain au Maroc

Bruxelles, 26-11-2012 — /europawire.eu/ — La Commission européenne a adopté aujourd’hui une mesure spéciale en faveur du Maroc, pour un montant de 25 millions d’euros, qui permettra d’appuyer la mise en œuvre de la deuxième phase de l’Initiative Nationale pour le Développement … Read the full press release

Marokkanischer Industriesektor: Weiteres Darlehen über 130 Mio EUR an die OCP SA

19-10-2012 — /europawire.eu/ — Ein Darlehensvertrag über 130 Mio EUR für die Modernisierung der Einrichtungen der OCP SA wurde am 8. Oktober 2012 von Mohamed El Hajjouji, dem Geschäftsführenden Direktor des Geschäftsbereichs Finanzen und Managementsupport der OCP SA, und dem Vizepräsidenten der Europäischen Investitionsbank (EIB) … Read the full press release