First Independent Mena Newspaper
Senegal has secured a €76-million credit facility from Lome-based West African Development Bank (French acronym BOAD) for the implementation of two development projects. The bank okayed the loan during its 137th extraordinary summit that took place on September 20 in Cote d’Ivoire. The first project, valued at €23 million, concerns the construction and exploitation of […]
King Mohammed VI of Morocco chaired a third meeting to follow up the implementation of the reconstruction after the earthquake ordering speeding up in implementing a program worth 120 billion dirhams ($12 billion) in the six quake-struck regions. The program will span over a five-year period covering the six provinces affected by the earthquake: Marrakech, […]
The International Monetary Fund will lend Morocco $1.3 bln to help the country fend off climate change risks, Morocco’s news agency reported. “The IMF concluded a staff-level agreement with Morocco to provide $1.3 billion in financing over the long term,” the agency said, citing IMF chief Kristalina Georgieva. Georgieva made the announcement during her participation […]
The Moroccan Ministry of Digital Transition and the German Agency for International Cooperation (GIZ) have signed two partnership agreements, aimed at promoting the digital transformation of the administration and the digital inclusion of very small, small and medium-sized enterprises (SMEs) in Morocco. The two agreements, worth €8 million, were inked in Rabat by Minister of […]
The U.S. Agency for International Development (USAID) has praised Morocco’s leadership of the humanitarian response to the devastating earthquake that hit the country on Sept.08. The Agency Administrator Samantha Power has voiced her country’s commitment to support the Government of Morocco’s recovery efforts, as the North African Kingdom’s works to provide immediate, life-saving humanitarian assistance […]
The OPEC Fund for International Development has announced a $500,000 grant to support Morocco’s humanitarian relief efforts following the devastating earthquake that struck Morocco on September 8, 2023. The 7.2-magnitue earthquake has caused serious material damage and claimed nearly 3,000 lives, making it the deadliest quake to hit the North African Kingdom in decades. In […]
Côte d’Ivoire has received from the Islamic Development Bank (IsDB) a financing credit worth $195 million for the construction of a 74km-long road inscribed in the National plan of development, Sika reports. The credit line will finance Bouake-Darakokaha express road, a section of the planned 1,300 km long road project Abidjan-Ouagadougou (Burkina Faso), to cost […]
Senegal’s President Macky Sall has appointed on September 14 Cheikh Issa Sall, Chief Executive Officer (CEO) of Municipal Development Agency as the new head of Caisse des Dépôts et Consignations after firing the Chief of the financial institution Mame Boye Diao, few moments after the latter unveiled his plans to run for next year’s presidential […]
Almost $1 billion will be disbursed by the African Development Bank (AfDB) to young entrepreneurs to help tackle climate change on the continent, AfDB President Akinwumi Adesina announced, noting that failing to invest in the youth will hurt Africa. In an effort to combat climate change, the AfDB and the Global Centre on Adaptation (GCA) […]
The East African countries have not done enough to make sufficient progress in delivering on the pending actions outlined in the East African Monetary Union roadmap for a region’s single currency, according to the East African Budget Network (EABN). Therefore, East African Community (EAC) governments have been urged to fast-track the implementation of a single […]