Sheikh-Zayed-prize-presentation

AfDB Lends Morocco €150 Mln for Local Sustainable Development & Infrastructure Projects

The African Development Bank (AfDB) has approved an additional €150 million loan for Morocco’s Communal Equipment Fund (French acronym FEC) to enable it Finance 26 infrastructure projects focusing on water, sanitation, urban mobility, energy efficiency, and social facilities in over 30 municipalities. The AfDB has also agreed to provide FEC nearly €1 million in technical […]

Ghana: six coup plotters sentenced to death by hanging

Six Ghanaians, including three soldiers, have been convicted and sentenced to death by hanging for their participation in an alleged coup conspiracy three years ago that aimed to overthrow the country’s government. The convictions mark the first treason trial in the West African country since 1966, following the overthrow of post-independence leader Kwame Nkrumah. The […]

Coronavirus deepens Algeria’s economic malaise

The African Development Bank said the Algerian economy is the third worst hit in Africa at a time the country faces a multipronged political, economic and social crisis worsened by lack of political reforms. The bank said the contraction of the Algerian GDP by at least 6.4% this year was due to its heavy dependence […]