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
-
MTN launches Mastercard-backed virtual MoMo prepaid card in Cameroon
12:27
-
Opalm to build five palm oil plants in Cameroon to cut supply gap by about 50%
12:18
-
AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
12:15
-
Egypt launches $8mln potato processing project in Sokhna industrial zone
12:00
-
Suez Canal’s Gradual Rebirth: A Strategic Pivot for Egypt After Years of Turmoil
11:35
-
South Africa’s 2026 Growth Outlook: The Strategic Pivot at Durban’s Port
11:27
-
Togo’s Senate approves 2026 budget at CFA2,751.5 billion
09:16
-
Sonatel Orange rolls out satellite internet to expand connectivity in Senegal
09:11
-
Togo approves revised 2025 budget raised to CFA2,436bn
03:32
-
Zenithe Insurance and Lothe Consulting Secure Major Deal to Cover Cameroon’s State University System
03:26
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Central bank launches project for real-time transfers across banks and mobile wallets System aims...
SCZONE approves a $8 million agro-processing project in Sokhna The plant will produce frozen potatoes, vegetables, and ready-to-eat...
CMA CGM has resumed full Suez transits, with Maersk beginning a "stepwise" return after the October 2025 regional ceasefire. Egypt’s canal revenue...
Transnet and ICTSI sign a 25-year deal to modernise Durban Pier 2, targeting 2.8M twenty-foot equivalent units (TEU) capacity to boost 2026 economic...
The government says cobalt exports have resumed after a ban imposed in February Initial shipments are expected to be limited as testing under the...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...