Actis failure adds to project delays to pose stern questions of Morocco’s ability to deliver services
In depth
Issue 282
- 26 Jul 2014
| 10 minute read
The rejection by a number of local authorities of UK private equity investor Actis’ planned takeover of French operator Veolia Environnement’s electricity, water and sanitation concessions in Rabat-Salé, Tangier and Tetouan has highlighted problems of mounting investment projects in Morocco that run counter to its reputation as the region’s most attractive investment destination. While some of the dozens of local authorities involved voted for the transfer, several major councils and important political blocs voted against – and despite initial approval for the deal from the royal palace and Ministry of Interior, no central authority felt inclined to push through even this major investment.
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