Tindouf camps

World Bank approvres $350 million financing for Morocco’s water program

The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]

Morocco’s Membership in Peace & Security Council boosts Peace, Stability in Africa

Morocco’s membership in the African Union’s Peace and Security Council will help the kingdom assert its leadership in promoting peace and stability in the continent, said Foreign Minister Nasser Bourita. Morocco has a vision for peace in Africa and will act on all issues relating to stability in the continent, said Bourita in an interview […]

North Africa: IFC Supports SMEs with €15 Mln Investment

The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]