Tag: AfDB

AfDB lends Morocco Over €600 Mln to fund four inclusive development projects

July 10, 2024

The African Development Bank has agreed to provide Morocco four loans totaling over €600 million to enable the North African Kingdom build a 105-km long ... Read More

AfDB expects Morocco’s growth to reach 3.5% in 2024 & 3.8% in 2025

June 3, 2024

Morocco’s economic growth is expected to reach 3.5 pc in 2024 and 3.8% in 2025, driven by higher investment, according to latest projections released by ... Read More

AfDB: €84 million funding for sustainable development of Morocco’s forests

May 29, 2024

The Board of Directors of the African Development Bank (AfDB) has approved an €84 million funding for the sustainable development of forest areas in Morocco, ... Read More

AfDB approves €120 Mln financing for Morocco’s higher education

May 28, 2024

The Board of Directors of the African Development Bank (AfDB) Group has approved funding of €120 million under the Transformation Support Program for a Moroccan ... Read More

WB, AfDB partner to connect 300 million in Africa to electricity by 2030

April 19, 2024

The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa ... Read More

AfDB allocates $4.5 mln to improve governance in 14 African municipalities

March 28, 2024

The African Development Bank said it has allocated $4.5 million to back projects in 14 African municipalities. In a statement, the bank said that 500,000 ... Read More

AfDB lends Morocco €100 Mln for infrastructure projects in rural zones

March 16, 2024

The African Development Bank has lent €100 Million to Morocco’s Communal Equipment Fund to support sustainable infrastructure projects aimed at reducing territorial and social disparities ... Read More

AfDB warns of linking African loan payment to critical resources

March 13, 2024

Head of the African Development Bank called for an end to loans in exchange for oil or critical minerals, which helped countries like China control ... Read More

Africa imports 70-80% of its drugs, losing $2.6tn yearly due to ill-health — AfDB chief

March 12, 2024

Africa imports between 70 and 80% of its medicines, according to Akinwumi Adesina, the President of the African Development Bank (AfDB), who also warned that ... Read More

AfDB committed to actively contribute to financing development projects in Morocco

February 22, 2024

The African Development Bank Group (AfDB) is committed to actively contribute to financing development projects in Morocco, in line with the kingdom’s social and economic ... Read More