First Independent Mena Newspaper
In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]
Mauritania’s Sidi Ould Tah, who secured a five-year mandate at the helm of the African development Bank, one of the continent’s most influential financial institutions, pledged in his victory speech to “build a stronger, more responsive AfDB” that can better support member countries in tackling urgent challenges such as climate resilience, food security, and youth […]
The diplomatic standoff between France and Algeria has escalated into a retaliatory spiral, with Paris now reportedly preparing to freeze the assets of 20 senior Algerian regime figures, according to French media outlets including L’Express. The measure, currently under review by the French Ministries of Foreign Affairs and Interior, would mirror the sanctions imposed on […]
Morocco and the UN World Tourism Organization have signed a financial agreement related to the establishment of the organization’s first African innovation Office in Rabat, Morocco. The financial agreement was signed Thursday in Madrid by Morocco’s Minister of Tourism, Fatim-Zahra Ammor, and UN Tourism Secretary-General Zurab Pololikashvili. This agreement follows host country agreement signed between […]
Sidi Ould Tah of Mauritania was elected this Thursday President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Sidi Ould Tah will succede Nigerian Akinwumi Adesina at the helm of the AfDB. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or […]
Morocco has emerged as a key beneficiary of the Mirova Sustainable Land Fund 2 (MSLF2), a €363 million impact investment initiative targeting sustainable agricultural and forestry management across seven countries, reinforcing the Kingdom’s leadership in Africa’s ecological transition. The fund, launched by Mirova—a Natixis Investment Managers affiliate—with strategic support from the Green Climate Fund, addresses […]
A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]
Morocco’s economic growth is expected to increase from 3.2 % in 2024 to 3.9% in 2025, driven by robust domestic demand, particularly by investment, the momentum of non-agricultural activities, and the prospect of a better crop year, according to latest African Development Bank report. In 2026, the Bank forecasts a 3.7% growth in the country […]
Africa’s economic growth is expected to hit 3.9% in 2025, up from 3.3% in 2024, but still lower than previously projected, according to the African Development Bank (AfDB). In its latest African Economic Outlook report, released during its ongoing annual meeting in Côte d’Ivoire, the Bank downgraded its forecast by 0.2 percentage points, citing uncertainty […]
As Akinwumi Adesina prepares to step down after a transformative decade as President of the African Development Bank (AfDB), five candidates from across the continent are competing to succeed him in an election set for 29 May in Abidjan, Côte d’Ivoire. Five contenders — Swazi Tshabalala (South Africa), Amadou Hott (Senegal), Samuel Munzele Maimbo (Zambia), […]