AfDB loans Seychelles $33m as strengthened response to climate change, transition to clean energy

The board of directors of the African Development Bank (AfDB) has approved a loan worth $33 million to Seychelles destined to strengthen the country’s response to climate change and the transition to clean energy in the framework of the implementation of the Phase III of the Governance and Economic Reforms Support Program. The approval came […]

IFC contributes a €100 million loan to OCP Group’s desalinated water pipeline project

IFC has granted a €100 million loan to OCP Group, contributing thus to complete the desalinated water pipeline to connect Jorf Lasfar to Khouribga, whose construction is progressing well and is expected to be completed soon. The loan will support the construction of a 219 km pipeline and a new pumping station The infrastructure will […]

African mining continues to be held back by infrastructure deficit — experts

While interest in Africa’s critical mineral reserves, including those vital to combating climate change, is soaring, in some places their extraction is hindered by problems with vital infrastructure, according to several recent studies. The African mining industry, which contributes an estimated 4.5% to the continent’s GDP, has also made a significant contribution to the global […]