First Independent Mena Newspaper
French development agency (AFD) offered a financing of 350 million euros in support of decarbonization efforts led by Morocco’s phosphates and derivatives giant OCP. A deal was signed between the two institutions on May 12, as OCP seeks more funding for its 13 billion-dollar decarbonization plan. OCP had announced a plan to use100% clean energy […]
Morocco and France signed on Wednesday in Rabat two agreements worth €150 million. The funds are destined to support the Generalization of Compulsory Medical Coverage Program, and the Government Equality Plan 2023-2026. The first agreement, worth €100 million, is part of ongoing support of the French Development Agency (AFD) for the Royal project to globalize […]
The French Development Agency (AFD) will start investing in the Moroccan Sahara, announced the agency’s CEO, Rémy Rioux, who is planning to visit the Kingdom’s southern provinces. “The AFD Group will invest in the Sahara, a link between Morocco and its neighboring countries. I will soon visit Laâyoun and Dakhla to meet the local population,” […]
France’s development agency, AFD, and Niger have inked a financing agreement for two projects worth 22 million euros in the African country. The first project focusing on household food security, will benefit from a 10 million euros subsidy to support the most vulnerable households by improving their food security. Local NGO Karkara and the national […]
France’s development agency, Agence Française de Developpement (AFD), will build 500 school classrooms across Gabon for a total investment of 154 million euros in a bid to help address the issue of overcrowding of schools in the central African country, Gabon Actu reports. Marie Sennequier, Director of the agency in Gabon, during a press conference […]
France’s development agency AFD will pump €100 million into the establishment and management of a wholesale market in Egypt next year. The market will be built in Borg el-Arab; industrial city in the governorate of Alexandria, Arab Finance reports, quoting Minister of Supply Ali Al-Muselhi. A joint Egyptian-French company will be set up to manage […]
The French Development Agency (AFD) has agreed to provide a €1.5 million (MAD 16 million) grant to the Moroccan Ministry of Tourism, Air Transport, Handicrafts and Social Economy, to help reinforce the social and solidarity economy (SSE) framework in Morocco. The financial aid is aimed at helping the ministry strengthen the national legal mechanisms of […]
The World Bank said it has approved a $250 million loan in support of Morocco’s Green Generation plan that aims at doubling agricultural output by 2030. The World Bank said the financing is offered in cooperation with the French Development Agency (AFD) to promote profitable agricultural activities as well as environment friendly practices and sustainable […]
The Casablanca tramway company announced on Monday it secured a €100 million loan from the French Development Agency (AFD) for the building of two new lines (T3 & T4) to improve public urban transport in Morocco’s biggest city. The AFD financial support to the expansion of Casablanca Tramway network also includes a €500,000 grant to […]
The French Development Agency (AFD) will extend the Moroccan National Ports Agency (ANP) a loan worth €100 million loan (MAD 1.1 billion) destined to improve the competitiveness of Moroccan ports. The loan agreement was signed Thursday in Rabat in the presence of French ambassador to Morocco, Helene Le Gal. The two sides, which also signed […]