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Morocco
Guarantor doubts hold back $300m EBRD loan

Talks over a much-needed European Bank for Reconstruction and Development loan to Morocco's national electricity and water utility have hit a wall over the guarantee provider, a situation the finance ministry is actively trying to resolve. [...]

Published on 30/09/2024 at 04:40 GMT Reading time 2 minutes

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Finance

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Morocco
Antoine Salle de Chou
Bank of Africa
European Bank for Reconstruction and Development
European Investment Bank
European Union
Faouzia Zaaboul
Nadia Fettah Alaoui
ONEE
Othmane Benjelloun
Société nationale de garantie et du financement de l'entreprise
Tamwilcom
Tarik Hamane

Spotlight | Morocco
Mohammed VI puts OCP on front line of drought combat

Morocco's economic success of recent years is under threat from recurring drought. Delays in various plans to ensure sustainable water supply have prompted the royal palace to take the matter in hand. OCP boss Mostafa Terrab is tasked with remedying the situation.

Subscribers only Infrastructure 27.09.2024

The Sebou dam, which was connected to the Wadi Bouregreg basin, on 22 August 2024.

Morocco
GE and Mitsubishi in the running for Al Wahda gas plant

GE and Mitsubishi are neck and neck to win a giant contract to build a gas plant in Al Wahda for the Moroccan power distribution bureau.

Subscribers only Energy 23.09.2024

Inner circles | Morocco
Fouzi Lekjâa, a skilful player in football and state finance

Head of Morocco's football and with no political affiliation, Lekjâa is a shrewd negotiator who also leads the ministry responsible for the budget. He has a reputation for pugnacity and can count on the unfailing support of his early allies.

Subscribers only Politics, Business 13.09.2024

Fouzi Lekjâa receives the Best Team Award at the 2023 CAF Awards in Marrakesh, Morocco, 11 December 2023.

Morocco
Dakhla-Casablanca power line project hits dead end

Plans to connect Western Sahara and Morocco's economic capital with a high voltage electricity line have come to a standstill. Despite the extra time granted by ONEE, the eligibility conditions and timetable are still considered unrealistic by potential applicants.

Subscribers only Business 02.07.2024

A high voltage power line in Errachidia province, eastern Morocco.

Morocco
Rabat relaunches floating LNG terminal project

The kingdom is looking at a number of ways to diversify its gas imports. Time is running out as Morocco embarks on the construction of energy-intensive industrial infrastructure.

Subscribers only Infrastructure, Energy 26.06.2024

Leila Benali, Morocco's Minister of Energy Transition and Sustainable Development, in Munich, Germany, 18 February 2024.

Morocco
Akhannouch's desalination plant treads water

Construction has still not begun on the Casablanca desalination plant, which has yet to be connected to an electricity supply. The situation is proving critical for the prime minister as the country faces worsening water shortages.

Subscribers only Business 29.03.2024

Moroccan prime minister Aziz Akhannouch in Marrakesh on 13 October 2023.

Inner circles | Morocco
Benchaaboun seeks to stimulate economic recovery with Mohammed VI Fund

Since being appointed in November 2022 to head the multi-billion-euro Mohammed VI Investment Fund, former finance minister Mohamed Benchaaboun has surrounded himself with former colleagues at the Banque Centrale Populaire - of which he was head for nearly 10 years.

Subscribers only Finance 22.09.2023

Mohamed Benchaâboun in Rabat, Morocco on 20 February 2020.

Set up email notifications for these topics

Morocco
Antoine Salle de Chou
Bank of Africa
European Bank for Reconstruction and Development
European Investment Bank
European Union
Faouzia Zaaboul
Nadia Fettah Alaoui
ONEE
Othmane Benjelloun
Société nationale de garantie et du financement de l'entreprise
Tamwilcom
Tarik Hamane

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Morocco
Guarantor doubts hold back $300m EBRD loan

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Set up email notifications for these topics

Spotlight | Morocco
Mohammed VI puts OCP on front line of drought combat

Morocco
GE and Mitsubishi in the running for Al Wahda gas plant

Inner circles | Morocco
Fouzi Lekjâa, a skilful player in football and state finance

Morocco
Dakhla-Casablanca power line project hits dead end

Morocco
Rabat relaunches floating LNG terminal project

Morocco
Akhannouch's desalination plant treads water

Inner circles | Morocco
Benchaaboun seeks to stimulate economic recovery with Mohammed VI Fund

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Indigo Publications' websites

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Morocco Guarantor doubts hold back $300m EBRD loan

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Spotlight | Morocco Mohammed VI puts OCP on front line of drought combat

Morocco GE and Mitsubishi in the running for Al Wahda gas plant

Inner circles | Morocco Fouzi Lekjâa, a skilful player in football and state finance

Morocco Dakhla-Casablanca power line project hits dead end

Morocco Rabat relaunches floating LNG terminal project

Morocco Akhannouch's desalination plant treads water

Inner circles | Morocco Benchaaboun seeks to stimulate economic recovery with Mohammed VI Fund

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Morocco
Guarantor doubts hold back $300m EBRD loan

Spotlight | Morocco
Mohammed VI puts OCP on front line of drought combat

Morocco
GE and Mitsubishi in the running for Al Wahda gas plant

Inner circles | Morocco
Fouzi Lekjâa, a skilful player in football and state finance

Morocco
Dakhla-Casablanca power line project hits dead end

Morocco
Rabat relaunches floating LNG terminal project

Morocco
Akhannouch's desalination plant treads water

Inner circles | Morocco
Benchaaboun seeks to stimulate economic recovery with Mohammed VI Fund