AfDB supports Moroccan agricultural development program with over €114 Mln

The African Development Bank (AfDB) will contribute €114.03 million (1.184 billion dirhams) in support of the Moroccan Program for Inclusive and Sustainable Development of Agricultural and Rural Areas (PADIDZAR). The program, which is part of the new agricultural strategy called “2020-2030 Green Generation”, aims to support small and medium hydropower on about sixty perimeters with […]

Algeria: Military Spending Hits $ 9.6 Bln in 2018

Despite deepening political crisis and growing social woes, the Algerian authorities continued their spree spending on weaponry instead of funding socioeconomic development projects. With a total of $9.6 billion in 2018, Algeria had by far the highest military spending in Africa, says the Stockholm International Peace Research Institute (SIPRI) in latest report. The rich oil-gas […]

Morocco plans to draw on IMF liquidity line – media

Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]