La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

Morocco: 2.1 billion euros in investments in energy, telecoms and industry

Of the 23.38 billion dirhams approved by the Inter-Ministerial Investment Commission, 7.72 billion (662 million euros) will go to energy infrastructure and renewable energies.

Morocco: 2.1 billion euros in investments in energy, telecoms and industry

The Interministerial Investment Commission, meeting Wednesday in Rabat under the chairmanship of the head of government, Saad Dine El Otmani, approved 45 draft conventions and amendments for an overall envelope estimated at 23.38 billion dirhams. These investments are likely to generate 3,194 direct jobs and 5,406 indirect jobs, said the department of the head of government in a press release.

These investments are, with regard to their financial envelope, "very encouraging, taking into account the conjuncture which we live and compared to the balance sheet of the last year", during which the volume of investments reached 28 billion dirhams, a- he estimated. These indicators reflect the continuity of the attractiveness of the national economy due to the important reforms initiated by the government and the promotion of the image of Morocco internally and externally thanks to its unique methodology for managing this crisis, explained El Otmani. These indicators also show the commitment of private investors to carry out their projects and their will to resume their investment activities, despite current conditions, and devote the particular importance that certain investment sectors require after the pandemic of Covid-19, he added.

In this regard, El Otmani underlined his determination to give a strong impetus to the revival of the national economy and to provide the means for its take-off, this week being devoted to a series of meetings which concern the investment sector, notably the meeting of the National Business Environment Committee (CNEA), the board of directors of the Moroccan Agency for Investment and Export Development (AMDIE) and the meeting of the Investment Commission.

33% of investments in energy

The distribution of investments by sectors shows that energy infrastructure and renewable energies occupy the first position with 7.72 billion dirhams of investments, or more than 33% of the total investments approved by the commission, followed by the telecommunications sector. , then industry and commerce, according to the press release.

Joint ventures represent the majority of approved projects, with investments amounting to MAD 14.91 billion, or 61%, due to major projects planned in the telecommunications, transport, energy, tourism and leisure. The meeting was attended in particular by the Minister of Industry, Trade and the Green and Digital Economy, Moulay Hafid Elalamy.

In March 2019, the Investments Commission had approved 28 draft agreements and amendments to investment agreements for a total amount of 22.96 billion dirhams.