Archive for May, 2015
By Rooksana Hossenally
The first time I visited Marrakech was a few years ago on my way back from Morocco’s Atlas Mountains. Regretfully at the time, the Red City’s charms failed to work on me – in fact it was quite the opposite. Arriving at my hotel in the heart of the sweaty city was a shock to the system, especially after experiencing the easy pace of life up in the gloriously green luxuriant mountains. However, on my second trip to the city a couple of weeks ago, it was like being in a completely different place up to a point where I even wondered if I had really been here before. (more…)
By Hannah Abdulla
French cheese maker Bel has acquired a majority interest in Moroccan dairy firm Safilait from private equity firms Fipar Holding and Sopar.
Safilait is the third largest dairy company in Morocco. It specialises in the processing, packaging and sale of fresh milk, UHT milk and fresh dairy products through its Jibal brand. (more…)
By AP | Paris
France and Morocco have vowed to strengthen counterterrorism cooperation, four months after they resumed judicial cooperation following a year-long diplomatic rift.
After meeting with French president Francois Hollande on Friday, Moroccan Prime Minister Abdelilah Benkilane said: “We had a difficult year of course, now it’s behind us, and (relations) are resuming as if nothing had happened.” (more…)
Christopher Coats, Contributor
Continuing its push for energy diversification, Morocco announced that it had completed financing for two large-scale solar projects assisting in the country’s renewable energy goals.
According to local media reports, the Moroccan Agency for Solar Energy (MASEN) announced that the NOOR II and III solar centers, producing 200 MW and 150MW, respectively, would be financed through a debt/equity ratio of 80/20. (more…)
The Moroccan government is in the process of building a 100-kilometer fence along the Morocco-Algeria border as a result of the complicated relationship between the two countries, which have closed land borders since 1994, when Morocco made visas a requirement for Algerian travelers.
Moroccan Prime Minister Abdelilah Benkirane said on Tuesday that the fence finally came to be following “differences” between Morocco and Algeria. (more…)
New Business Ethiopia
Morocco’s Groupe Banque Populaire triumphs as this year’s African Bank of the Year, while Ghana’s Albert Essien, Group CEO of Ecobank wins the award for African Banker of the Year.
Ivorian Tidjane Thiam, the first African CEO of a FTSE100 company and Nigerian Jim Ovia, Chairman of Zenith Bank win in the African Banker Icon and Lifetime Achievement categories, respectively. (more…)
Solar Energy Business Review
EBR Staff Writer
Technology and engineering group Sener has secured a contract to develop 510MW thermosolar plants Noor II and Noor III in Morocco.
Under the €500m contract, Sener, along with its partner Shandong Electric Power Construction III (SEPCO III), will undertake engineering, construction, commissioning and start-up work for the 200MW Noor II and 150MW Noor III facilities near Ouarzazate. (more…)
by Sgt. Tatum Vayavananda
Sgt. Tatum Vayavananda
A Royal Moroccan Armed Forces soldier is in a gas mask for a demonstration of Chemical, Biological, Radiological, and Nuclear defense techniques during Exercise African Lion 15 in Tifnit, Morocco, May 16. The Royal Moroccan, U.S., U.K., Netherlands, and Belgian Armed Forces integrated while conducting peacekeeping support training to improve military capabilities and operational familiarity as one international coalition. (more…)