Morocco: EU pledges $1.8bln for energy and digital transition
Monday, 14 February 2022 17:39
Morocco wants to reduce its greenhouse gas emissions by 45.5% by 2030. The country also plans to increase the share of renewable energy to more than 52% by 2025.
The European Commission President Ursula von der Leyen (pictured) has announced an investment of €1.6 billion ($1.8 billion) to support the energy and digital transition in Morocco. The project will run over the next five years. "This is a great opportunity for the green and digital transition. Morocco is a country with which we have built a strategic, close, and solid partnership," she said.
The agreement with the EU makes Morocco the first African nation to benefit from the "Global Gateway" program, which aims to mobilize up to €300 billion between 2021 and 2027 for climate and digital projects.
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Nigeria Rolls Out 2025-2030 Seed Strategy to Improve Farm Productivity
03:14
-
Crédit Foncier net profit jumps to CFA2.2bn in 2024 on lower risk costs
03:08
-
Cameroun weighs private concession for Semry rice mills
03:05
-
Cameroun sees weak midyear revenue from Chad–Cameroon oil pipeline
03:02
-
Togo Business Chamber, IMF Discuss Better Targeting of Private-Sector Financing
02:36
-
Morocco’s Intelcia Redefines Global Strategy as It Moves to Regain Full Control From Altice
20:02
-
Nigeria to Tap National Satellite to Bring Internet to 20 Million People
19:57
-
Africa’s Most Attractive Countries for Talent in 2025, According to INSEAD
19:53
-
Work On Togo’s Grid Expansion Hits 34% Completion In Kara
14:06
-
Access Bank, Partners, Unveils Project to Support Women Entrepreneurs
14:03
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference inte...
The launch of this roadmap comes as Nigeria faces rising food demand, limited uptake of improved seeds and a persistent production shortfall. The country...
Nigeria to use NigComSat to connect 20 million unserved citizens Satellite, fiber rollout aims to bridge urban-rural digital divide High costs,...
As global competition for talent intensifies in the era of artificial intelligence and advanced technologies, Africa is falling behind because of...
In Cotonou, at the Regional Summit on Digital Transformation, ministers, regulators and technical partners debated the digital future of West and Central...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...