First Independent Mena Newspaper
The Norwegian government will provide Gabon with $150 million to fight deforestation, according to the Central African Forest Initiative (CAFI). Gabon which is almost 90 percent covered by forest will use the funds, to be disbursed over 10 years, to “both reducing its greenhouse gas emissions from deforestation and degradation, and absorption of carbon dioxide […]
In Côte d’Ivoire, Banque Atlantique, a subsidiary of Morocco’s Banque Centrale Populaire Group, has provided a loan of 32.5 billion CFA francs to the Yamoussoukro road infrastructure rehabilitation project. The loan was attributed to FPO Africa, one of the leading local construction companies in Côte d’Ivoire as part of a public-private partnership (PPP) with the […]
A Moroccan energy efficiency project has been selected in an international competition to receive a €20 million funding from the NAMA Facility. The Moroccan project, Integration of energy efficiency in the building sector, has received a €20 million fund from the Nama Facility, an international climate finance program that seeks to encourage ambitious action on […]
Morocco will donate $3.3 million to the priority investment program of the G5 Sahel joint force tasked with fighting terrorists and insurgents in West Africa. The announcement was made at a G5 meeting in Nouakchott by director for Maghreb and African Union at Morocco’s foreign ministry Abderrazak Laassel who underscored Morocco’s firm commitment to regional […]
The 2019 Global Policy Forum (GFP) kicked off Wednesday in Kigali, with the participation of 800 global policymakers, regulatory institutions and development partners from 94 countries, including Morocco. The event is hosted by the National Bank of Rwanda (BNR) and the Alliance for Financial Inclusion (AFI). The three-day forum, held under the theme “Using […]
Morocco’s second largest telecom operator, Inwi, launched mobile payment services becoming the first in Morocco to offer such facilitation to its subscribers. Dubbed Inwi Money, the new service would help Morocco achieve its financial inclusion goals notably through reaching population in isolated areas. Inwi Money comes less than a year after the Central Bank gave […]
The United States has granted Tunisia a donation worth $335 million to finance projects and programs designed to boost economic and social development through encouraging entrepreneurship and improving governance. The donation is part of a US cooperation and support program extending over a five-year period (2019-2024), says TAP news agency. The Aid will fund projects […]
Two of Morocco’s leading banking groups, Banque Centrale Populaire and Attijariwafa Bank, have signed partnership agreements with Japanese banking institutions, on the sidelines of the 7th Tokyo International Conference on African Development (TICAD-VII), currently held in Yokohama. Thus, Banque Centrale Populaire, BCP, and Japan’s second largest banking group Sumitomo Mitsui Banking Corporation (SMBC) signed, on […]
Attijariwafa Bank, one of Morocco’s largest banks, has signed a Memorandum of Understanding (MoU) with the Independent Integrity Unit (IIU) of the Green Climate Fund (GCF) to cooperate and consult on integrity matters. The agreement covers information-sharing, joint investigations and collaborations, as well as capacity-building support with the Bank’s Compliance Office. The MoU will complement […]
The G7 leaders have approved about $251 million in support of the African Development Bank’s AFAWA initiative to back women entrepreneurs in Africa. French President Emmanuel Macron, as the current G7 president, made the announcement to reporters on Monday. He said the AFAWA initiative, comes from an African organization, the African Development Bank, which […]