Wind farm in Boujdour

AfDB loans partial credit worth $345 million for green, social projects

The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]

EBRD supports Morocco’s packaging industry with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]

Côte d’Ivoire seeks OPEC membership after major oil finds

Côte d’Ivoire is in the process of meeting the criteria to join the OPEC, the country’s oil and mining minister amadou Sangafowa Coulibaly announced. This came few days after ENI said it found significant reserves of oil offshore Côte d’Ivoire, with a specific well in particular having as much as 1.5 billion barrels of oil […]