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Mali: Tragedy strikes informal mining sector, dozens perish in mine collapse

A devastating collapse at an illegal gold mine near Kéniéba in Mali’s western Kayes region has claimed over 40 lives, predominantly women, highlighting the perilous nature of informal mining operations in one of the world’s major gold-producing nations. The tragedy occurred when prospectors entered abandoned open-pit areas in search of remaining gold deposits. This catastrophe, […]

AfDB loans Morocco €100 million in support of infrastructure projects

The African Development Bank (AfDB) approved a €100 million loan for the Municipal Equipment Fund (FEC) to finance new investment and public infrastructure projects in Morocco. These projects will help improve the quality of public services, especially in rural areas as well as spur revenue generating activities, according to an AfDB press release. “We are […]

EIB invested €2.5 Bln in Morocco over past five years

The European Investment Bank has invested €2.5 billion in Morocco over the last five years, making the North African Kingdom the 2nd largest recipient of EIB funding in the southern Mediterranean region. Speaking at a press conference held Wednesday in Rabat, Ricardo Mourinho Félix, EIB Vice-President said the bank’s investment supported Morocco’s development and its […]