Posts Tagged ‘bloomberg’

Morocco Connects First Unit of Giant Noor Solar Complex to Grid | Bloomberg

The first phase of Morocco’s massive solar project Noor has connected to the grid: The first phase of North Africa’s largest solar-power complex was connected to the grid in Morocco, with a generating capacity of 160 megawatts. The solar thermal plant in the Ouarzazate province is the first unit of the Noor project to be completed. It uses parabolic troughs to focus the sun’s energy on heating a fluid that ...

Paying Less in Slump Lifts Morocco Above Oil-Pumping Neighbors | Bloomberg

Bloomberg Business says that analysts rank Morocco “above its North Africa peers for its stability and growth potential,” and that its “economic transformation still appears on track”: Tumbling oil prices have helped Morocco shore up public finances and lure investments, in contrast to countries from Saudi Arabia to Jordan struggling with rising budget deficits and slower economic growth. Dismantling a costly energy subsidy program — politically more difficult when prices ...

Seven of the Best Farmstays Around the World | Bloomberg Business

A hotel near Marrakech makes the list of top Farmstays from around the world: [...] Fellah Hotel Tassoultante, Morocco Only 20 minutes by car from the chaos of Marrakech rests the tranquil Berber village of Tassoultante. Spread over 27 acres of cacti-covered slopes, the resort has 60 rooms, each with a view of the Atlas Mountains. It’s appropriately rustic, with décor that’s eco-chic-meets-Moroccan. An educational farm is on-site, and the Touco cafe serves ...

Moroccan King Lights Up Ivory Coast as Trade Pushes South | Bloomberg Business

Morocco’s push into sub-Saharan Africa spurs development: [...] Attijariwafa Bank, Morocco’s biggest lender, has 312 branches in West Africa. It helps finance many of the kingdom’s regional projects, including the 100 billion CFA Francs ($171 million) cleaning of Abidjan’s lagoon, the largest of about four dozen accords signed during Mohammed VI’s visit. Maroc Telecom bought Emirates Telecommunications Corp.’s West Africa operations this year for $650 million and plans to invest ...
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