African Development Bank Signs Loan Agreements for Infrastructure Development in Morocco

The African Development Bank (AfDB) Group and Morocco signed six loan and grant agreements amounting to over €303 million for infrastructure development in Morocco, according to a press release APA received on Friday.

European Commission Approves €135 Million in New Financial Support Grants to Morocco for 2010

The European Commission has approved a new financial support package of €135 million for Morocco. The package, in the form of grants, will support reform by the Moroccan Government in three areas: agricultural policy with the ‘Plan Maroc Vert’,...

50 TV Channels to Cover Moroccan City Weather Forecast

More than 100 million viewers can now keep up to date about the weather of the Moroccan tourist resort town of Agadir in the south-west, with 50 channels providing this service as of Friday. The weather imagery of the Atlantic city, a major Moroccan tourist...

French Company Launches Africa’s Largest Automobile Manufacturing Project in Morocco

The French car manufacturer, Renault, has launched with great pomp the largest automotive manufacturing platform in Africa, with a nearly €1.2 billion investment in Tangier, northern Morocco. The project, which should be operational in early 2012, has...

European Investment Bank Grants 2.6 Billion Dirham Loan to Morocco for Highway Projects

The European Investment Bank (BEI) has granted a 2.6 billion dirham loan (250 million Euros) to Morocco for the financing of highway projects in the country. The loan is dedicated to a three-lane construction of the 57-km highway between Casablanca and...

Morocco Launches Haliopolis, a Major Water Resources Industrial Park Project

Morocco has launched a major water resources industrial park for an overall investment of 6.6 billion dirham (US$800 million). The country’s biggest project, “Haliopolis” which first phase is billed for 2010, is expected to create 13,000 direct...