Tag: Morocco

World Bank
BusinessHot News

World Bank Group plans $35 million investment in Morocco distressed asset recovery facility

World Bank Group's private sector arm, IFC plans a $35 million investment in Morocco’s distressed asset market, targeting non-performing loans and real estate assets.

Feyisayo Ajayi Feyisayo Ajayi
Chakib Alj
BusinessBillionairesHot News

Chakib Alj completes Forafric deal as food empire expands across Morocco

Chakib Alj completes Forafric Maroc takeover, expanding Cap Holding’s food business across Morocco’s flour, pasta and couscous market.

Omokolade Ajayi Omokolade Ajayi
AfDB backs Morocco battery gigafactory with $114 million loan
BusinessHot News

AfDB backs Morocco battery gigafactory with $114 million loan

AfDB approves a $114 million loan for Morocco's first EV battery gigafactory, boosting Africa's electric vehicle supply chain and exports to Europe.

Oluwatosin Alao Oluwatosin Alao
Solar panels managed by Sila Atlantik.
BusinessHot News

Morocco, Germany $30 billion subsea cable project snagged by governance row

Governance disputes and design demands have stalled a $30 billion subsea power cable project set to supply Germany with Moroccan renewable energy.

Omokolade Ajayi Omokolade Ajayi
AfDB approves $234 million loan to expand Morocco’s rail network
BusinessHot News

AfDB approves $234 million loan to expand Morocco’s rail network

AfDB approves a $234 million loan to expand Morocco's high-speed rail network, boosting trade, freight capacity and regional connectivity.

Oluwatosin Alao Oluwatosin Alao
The European Investment Bank (EIB).
Hot NewsBusiness

EIB pledges more than $800 million for Morocco in 2026 as investment ties deepen

The EIB commits more than $800 million to Morocco in 2026 to upgrade infrastructure, boost climate resilience, and rebuild quake-hit regions.

Omokolade Ajayi Omokolade Ajayi
Casablanca Port
Hot NewsBusiness

How Morocco cut Casablanca Port delays in half to protect African food imports

Morocco cuts Casablanca Port delays in half, streamlining cereal and livestock feed imports to protect regional food security amid rising trade.

Omokolade Ajayi Omokolade Ajayi
Internet and 5G drive subscriber growth.
TechnologyBusinessHot News

Morocco’s telecom revenue rises as faster internet, 5G drive subscriber growth

Morocco's telecom market grew in early 2026 as 5G, fiber, and rising mobile data use offset declines in calls and text messaging.

Omokolade Ajayi Omokolade Ajayi
ONHYM, Morocco.
BusinessHot News

Morocco turns state energy, mining agency ONHYM into joint-stock company

Morocco ONHYM joint-stock company reform boosts investment, financing flexibility and Africa gas pipeline ambitions.

Timilehin Adejumobi Timilehin Adejumobi
South Korea’s Hyundai Rotem.
Hot NewsBusiness

Hyundai Rotem wins $487 million deal to maintain Morocco’s electric train fleet

Hyundai Rotem signs a $487.3 million, 20-year deal to maintain Morocco’s 440 electric trains under a major rail expansion program.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Anas Sefrioui
BillionairesBusinessHot News

Moroccan billionaire Anas Sefrioui’s net worth rises $100 million in 24 hours

Anas Sefrioui's net worth climbed to $1.5 billion following a $100 million surge driven by a rally in Addoha housing shares.

Omokolade Ajayi Omokolade Ajayi
Morocco's phosphate boom
BusinessGlobal News

Morocco’s phosphate boom helps shield economy from global slowdown

Morocco's phosphate sector helps offset rising energy costs as OCP expands production amid a global slowdown.

Oluwatosin Alao Oluwatosin Alao