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Category: Finance
AfDB Lends OCP Group $188 Mln for Green Projects
The African Development Bank has provided Morocco’s OCP Group three loans totaling 188 Million U.S. dollars for green projects planned by the world's leading producer ... Read More
Avoiding ‘resource curse’: why Africans benefit little from big oil and gas finds
Senegal joins other African countries like Nigeria or Namibia that have struggled to manage their oil and gas resources discovered in recent years for the ... Read More
German fund earmarks €270M to enhance hydrogen production in several countries, including Morocco
Germany’s Power-to-X Development Fund has unveiled a significant €270 million grant opportunity aimed at enhancing hydrogen production in select countries, including Morocco, South Africa, Kenya, ... Read More
EIB supports Morocco’s technopoles expansion with €115 Mln funding
The European Investment Bank has provided €115 Mln loan to MEDZ, subsidiary of CDG Group, for the expansion and modernization of ten technopoles located in ... Read More
Tunisia risks inflationary spiral as president seeks Central Bank funding for state budget
Economists warned Tunisia could plunge into an inflationary spiral if the central bank accepts direct financing of the state budget. Inflation was already at 8.1% ... Read More
Fixing Africa’s triple set of dilemmas: high debt, large govt spending, collapsing currencies
Governments of highly indebted African countries need to take a number of steps to alleviate the stark trade-offs between servicing expensive debt, supporting high and ... Read More
IFC to help Crédit du Maroc Bank facilitate development of SMEs, women’s entrepreneurship, green projects
The International Finance Corporation (IFC) will help Crédit du Maroc Bank facilitate the development of small and medium-sized enterprises (SMEs), women's entrepreneurship, and green projects ... Read More
U.S. supports Morocco’s post earthquake recovery with over $12 Mln funding
The U.S. Agency for International Development (USAID) has announced $12.6 million funding in support for Morocco’s post-earthquake recovery efforts. After the deadly Al Haouz earthquake ... Read More
Japan grants Burkina Faso $1.3m for road maintenance
Japan’s international Cooperation Agency, JICA, has provided Burkina Faso with $1.3 million destined to finance acquisition of equipment to be used in the maintenance of ... Read More
Japan, Côte d’Ivoire sign €5.3m deal to support rice production
Japan will provide Côte d’Ivoire with equipment worth €5.3 million to support the West African country’s national plan to grow rice and consequently reduce its ... Read More