Morocco’s African foreign policy attaches utmost importance to environment protection and green growth as evidenced by the projects and investments carried out by Morocco’s public and private entities in African countries in fields ranging from the preservation of ecosystems to the promotion of the renewable energies. The project to rehabilitate the Cocody Bay in Abidjan, launched in 2015 by Ivorian authorities in collaboration with Morocco’s development agency, Marchica Med, is a shining example of this south-south cooperation approach that reconciles development needs with environment protection. In this regards, King Mohammed VI, who is in Abidjan as part of a new African tour, chaired together with Ivorian President Alassane Dramane Ouattara, the ceremony to present the progress of the Cocody Bay Protection and Development Project, a project worth $450 million. Up to 20% of the investment will be covered through a bridging loan by the Ivorian government and via commercial banks. Besides Cote D’ivoire, Marchica Med development agency manages similar projects across Africa.

Source: The North Africa Journal March 06, 2017 23:45 UTC