USAID, AfDB partner to promote social, economic development in Sahel

The US Agency for International Development aid (USAID) and the African Development Bank (AFDB) signed a $600 million deal to promote social and economic development projects in the Sahel. The co-financing agreement will be used to support good governance, resilient agriculture, private sector development, water security, sanitation, and health systems. The agreement “reflects a joint […]

Morocco announces $28 Million plan to alleviate damage caused by recent wildfires

The Moroccan government announced a $28.3 million plan to mitigate the impact of the recent wildfires on agricultural activity and forests and on livelihoods. Pursuant to the instructions of the King, the Head of Government, Aziz Akhannouch chaired, on Friday in Rabat, the signing ceremony of a framework agreement for the implementation of a series […]

Vivendi selling Maroc Telecom stakes

Stakes owned by Vivendi SA in Maroc Telecom are being sold as part of debt reduction plan by the former. The sale is estimated to generate more than $5billion. Two potential investment banks have already been contacted by Vivendi but political policies might make a deal hard to come by, the source added. Vivendi accounts […]