Morocco plans to set up state-owned utilities in charge of water, electricity and sewage management to replace local subsidiaries of French companies Veolia and Suez, an interior ministry official told reporters. Contracts with Suez subsidiary Lydec, a Casablanca-listed company, and with Veolia-owned Redal and Amendis will not be renewed after they expire in 2026 and 2027, Mustapha El Hadi of the interior ministry told the media. Employees of the utilities currently operating will join the state companies to be created in each region, he said. A law will be enacted soon to lay the legal basis for this reform, he said.
SOURCE: REUTERS
More Stories
What are the Benefits and Costs of Scaling-up the Commercial Production of Bioenergy in Africa?
Faculty of Harvard University and Africa.com Offer Online Course for Entrepreneurs in Food Systems
FTX was Becoming a Force for Normalizing Cryptocurrencies in Africa
Ethiopia Announces Its First Commercial Export of Electricity to Kenya
African Union Calls for Inclusive Tax Regulations
Entrepreneurship Holds the Key to Africa’s Wealth Creation
Creating Africa’s Cocoa Cartel
Harare Shifts the Goal Posts in Farmer Deal
Investing in Nigeria’s Property Boon
UjuziNet is Helping Farmers Better Manage their Operations
Isabel dos Santos Denies Trying to Escape the Law in Angola
Nairobi’s Concerns Halt Possible Export of Baobab