AfDB loans Morocco €350 mln, promises €650 mln for World Cup infrastructure financing

The African Development Bank signed a loan agreement worth 350 million euros in support of Moroco’s economic governance, climate resilience, water management, and industry as it also plans to extend a financing of 650 million euros to help Morocco develop transport infrastructure. As part of the first loan, signed during the Africa Investment Forum (AIF) […]

EIB supports Morocco’s railway infrastructure upgrading with €200 Mln loan

The European Investment Bank (EIB) and the Office National des Chemins de Fer (ONCF) have signed on Wednesday a €200 million (2.1 billion dirhams) financing contract, which represents 80% of a total sum of €250 million earmarked by the European financial institution to support ONCF’s investment plan. The ONCF’s investment plan aims to renew the […]

Nokia to build next-generation optical transport network in several African countries

Nokia will build a next-generation optical transport network connecting Kenya, Uganda, Rwanda, Democratic Republic of Congo (DRC), Zambia, Zimbabwe and South Africa on behalf of Liquid Intelligent Technologies (LIT), a leading connectivity, innovation and intelligent technology company across 13 African countries. The Finland-based company has been selected by LIT for the deployment and per the […]