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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 […]

Libya: UN Envoy Ghassan Salame steps down on health grounds

UN Special Envoy to Libya, Ghassan Salame Monday resigned from his position citing health issues, two years and a half after his appointment. “My health no longer allows this rate of stress,” the Lebanese UN official said in a statement. “So I asked the Secretary-General to relieve me from my mission, wishing Libya peace and […]

Africa eyes $1.5 trillion trade surge by 2025, but structural hurdles remain

Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]