First Independent Mena Newspaper
The World Bank approved a $275 million Disaster Risk Management Development Policy Loan for Morocco designed to both help the country strengthen its capacity to manage the financial impact of natural disasters and climate-related shocks, and to upgrade its institutional framework for disaster risk management. Morocco has been hit in recent years by the impact […]
The European Union announced on Wednesday a €101.7 million financial assistance to support Morocco’s efforts to combat human smuggling and manage irregular migration. The EU funding will also serve to raise awareness among young people and their families about the risks involved in attempting to cross the Mediterranean Sea. “With this new financial assistance, we […]
The African Development Bank (AfDB) approved on Wednesday a €245 million loan to the National Office of Electricity and Drinking Water (ONEE) to enable the Moroccan utility company expand its rural electrification projects. “Developing a reliable electricity network will enable the Kingdom to meet an energy demand recording a 5 pc annual growth” said Mohamed […]
Donors of the African Development Fund (ADF)over the weekend agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. According to the African Development Bank Group, the Fund comprises 32 contributing states and benefits 37 countries. The fund, administered by the African Development Bank, supports […]
Morocco, in partnership with the international Fund for Agricultural Development(IFAD),agreed to launch a €82.6 million project to help vulnerable households face climate change. IFAD is an international financial institution and a United Nations specialized agency based in Rome – the United Nations’ food and agriculture hub. The project will benefit 11,200 vulnerable households in rural […]
The German reconstruction bank, Kreditanstalt für Wiederaufbau (KfW), is supporting the drinking water Supply and Sanitation sector in Morocco with €55.5 million. Under a financing agreement signed Thursday in Rabat between KfW and Morocco’s National Office for Electricity and Drinking Water (ONEE), €28.5 million will finance drinking water supply to small and medium-sized centers. This […]
The Government of Flanders this year has committed 1 million euros to the Africa Climate Change Fund (ACCF) to support five projects in three African countries – Malawi, Mozambique and South Africa. According to the African Development Bank, the project will contribute to demonstration of an innovative results-based finance model for adaptation to climate […]
The EBRD is strengthening the competitiveness of small firms in Tunisia by increasing the availability of funds, with a €5 million loan to Compagnie Internationale de Leasing (CIL). Access to finance and liquidity constrain the growth of many private businesses in the country. Micro, small and medium-sized enterprises are the core of the Tunisian economy, […]
Germany will contribute €571 million to the implementation of Morocco’s reforms seeking to improve business and investment climate, update the financial sector and strengthen advanced regionalization. The reform partnership MoU, signed Friday in Berlin, falls in the frame of the G20 Initiative Compact with Africa and aims at developing further the potential of the private […]
The African Development Bank (AfDB) approved a €100 million loan for the Municipal Equipment Fund (FEC) to finance new investment and public infrastructure projects in Morocco. These projects will help improve the quality of public services, especially in rural areas as well as spur revenue generating activities, according to an AfDB press release. “We are […]