The International Finance Corporation (IFC), a World Bank financial institution that encourages private-sector development in developing countries, has partnered with Moroccan company Gaia Energy to establish a joint platform for the development of wind power and renewable energy projects in Africa, reports ESI Africa. The new platform will build a pipeline of 22 projects in nine African countries. «IFC’s expertise in financial structuring and mobilization, as well as its
Downstream petroleum company Vivo Energy, known as Shell in Morocco, released on Thursday, 2nd of August, its maiden interim dividend, raising concerns over its activities in the Kingdom, reports Business Day. The group that has more than 1,800 Shell services in the continent reported revenue grew 14% to $3.7 billion in the six months to end-June said its income declined 1% $71 billion. According to the same source, the «risks and uncertainties» section in the company’s
Le groupe Banque Centrale Populaire (BCP) a annoncé une hausse de son résultat net consolidé. Une progression portée par la croissance des activités et par l'amélioration significative du coût du risque, indique un communiqué publié sur le site de la Bourse de Casablanca, et repris par la MAP. La progression s’est élevée à prés de deux milliards de dirhams (MMDH) au cours du premier semestre de
«The Minister of Youth and Sports, Rachid Talbi Alami, denied that Morocco would host the 2019 African Cup of Nations», wrote a blog affiliated to French online newspaper Mediapart, claiming that it interviewed the Moroccan minister. The blog also reported that the minister slammed rumors, suggesting that Rabat is preparing for the organization of the regional tournament, replacing Cameroon. «These are false rumors», said Talbi Alami, after several media platforms
After the National Rally of Independents politician Mohamed Boussaid was sacked, Wednesday 2nd of August, by King Mohammed VI, Agriculture and Fisheries Minister Aziz Akhannouch said that the sovereign was «only exercising powers guaranteed by the Constitution», reports Arabic-language online newspaper Hespress. The monarch decided on Wednesday to dismiss Boussaid who served for two terms as the Kingdom’s minister of Finance and Economy. The decision was taken two days after
A Moroccan national was arrested in Valencia, a city that lies on Spain’s southeastern coast, for sexually attacking a British woman, reports UK online newspaper the Express on Wednesday. The 25-year-old man was accused of breaking into the British tourist’s apartment in a Tenerife holiday resort. The attack took place at around 11am on May the 13th. The Moroccan man was identified by his DNA, said investigators who added that he forced into the woman’s bedroom and
Finance and Economy Minister Mohamed Boussaid was dismissed, Wednesday 1st of August, by King Mohammed VI, says MAP press agency, quoting a communiqué issued by the Royal cabinet. The document indicates that the decision was taken in accordance with article «47 from the Moroccan Constitution» and after consulting Prime Minister Saadeddine El Othmani. According to the same statement, «the royal decision comes as a way of implementing the principles of public
Two armed robbers managed to break into French Montana’s Calabasas mansion on the Tuesday, July 31st morning, reports TMZ. The Moroccan rapper was home during the intrusion, says the same source. «We do not know if anyone in the house was injured, but what we do know is that nobody was hospitalized», adds the website. The rapper's home is in a gated community in Los Angeles, previously owned by pop singer Selena Gomez, who according to TMZ, allegedly called the police
En application des dispositions de l’article 47 de la Constitution, le roi Mohammed VI, après consultation du chef du gouvernement, a décidé de mettre fin aux fonctions de Mohammed Boussaid, en tant que ministre de l’Economie et des finances, indique un communiqué du Cabinet royal. Cette décision royale intervient en application du principe de la réédition des comptes que le roi est soucieux d’appliquer à tous les
The Spanish security forces arrested two Moroccan nationals in Mataró (Barcelona) on Wednesday. They are accused of participating in the recruitment and radicalization people in the provinces of Barcelona and Tarragona (north-east). Spanish news agency EFE reports that the two suspects, identified as 46-year-old MB, from Tétouan and 36-year-old O.K from Tangier, are part of a network aimed at radicalizing and indoctrinating young people in Barcelona and Tarragona
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