moroccan Sahara

Climate Change Adaptation: Morocco’s OCP gets $18 Mln loan from Canada–AfDB for desalination projects

The Canada–African Development Bank Climate Fund (CACF) provides Moroccan OCP group a $18 million concessional loan to support the construction of three seawater desalination plants. In a press release issued Tuesday, CACF said the funding is destined to advance Morocco’s climate adaptation efforts as the projects will enable the North African Kingdom to produce and […]

Algeria: if nothing changes, society will implode, movie-maker

Algerian Merzak Allouache who directed “Madame Courage” film, has warned “if nothing changes, Algerian society will increasingly come under threat from the scourge of radical Islam while corruption has plagued the country for decades”. “Algerian society is blocked”, he added in a statement to media, affirming that “there is a risk today because the country […]

AfDB approves $70 Million risk-sharing agreement with Morocco’s BCP to develop foreign trade

The African Development Bank (AfDB) has approved a $70 million risk-sharing agreement with Morocco’s Banque Centrale Populaire (BCP) to develop foreign trade. This agreement is the second with BCP and is part of a program entitled “50/50 risk-sharing agreement for Morocco’s Banque Centrale Populaire”. It takes place in a context of tightening capital adequacy and […]