Antonio Guterres

Egypt’s CIB receives $250 million loans from IFC for multiple purposes including green projects

Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]

Morocco stands with Sudan’s stability, territorial integrity

Morocco, under the farsighted leadership of King Mohammed VI, will always support the stability and territorial integrity of Sudan, said on Monday Moroccan Foreign minister Nasser Bourita. Addressing remotely the 137th ministerial meeting of the Peace & Security Council of the African Union (AU), Bourita said Rabat will also always back the choices of the […]

Morocco Gets $112.3 Million Loan from AfDB

Morocco’s railway authority received Wednesday a $112.3 million loan from the African Development Bank (AfDB) earmarked for doubling train tracks on the Settat-Marrakech route. The new deal signed in Abidjan, Côte d’Ivoire, will enable Morocco’s National Railway Authority (ONCF) to double train tracks on the 142 km-long Settat-Marrakech route; a project which will help boost […]