First Independent Mena Newspaper
Mauritania’s Minister of Economic Affairs and Development, Abdallahi Souleymane Sheikh Sidiya, held talks with President of the African Development Bank Sidi Ould Tah on strengthening economic and financial cooperation between Mauritania and the African institution. The meeting took place on Sunday, May 24 in Brazzaville, Republic of the Congo, on the sidelines of the AfDB […]
The African Development Bank (AfDB) Group and OCP Group signed an agreement on Friday in Rabat for a €450 million partial credit guarantee to help finance the investment program of the global leader in plant nutrition solutions and phosphate fertilizers. This operation is intended to support the mobilization by Société Générale and BNP Paribas of […]
The African Development Bank (AfDB) has forecast steady economic growth for Morocco at 4% in 2026 and 4.3% in 2027, following an estimated performance of 4.4% in 2025, according to the institution’s latest report on Africa’s Macroeconomic Performance and Outlook. The projections position Morocco among the continent’s most resilient economies, underpinned by a broad and […]
The Mauritanian Investment Promotion Agency, in collaboration with the African Development Bank, convened, on March 25, 2026, a high-level workshop in Nouakchott to review financing mechanisms aimed at supporting private sector projects. The initiative forms part of broader efforts to strengthen cooperation between regional financial institutions and domestic economic actors, with a view to stimulating […]
A recently published implementation and results report by the African Development Bank has validated Morocco’s electricity network development program as a benchmark of structural transformation, praising its measurable achievements in grid modernization, rural electrification, and renewable energy integration — outcomes that now serve as a reference for other African nations pursuing similar energy transitions. The […]
The African Development Bank (AfDB) has launched the Integrated Aviation Transform Program (IATP), a continent-wide initiative designed to revitalize Africa’s aviation industry and enhance regional air connectivity. The program was unveiled on Feb. 25 during the Airlines, Capital and Connectivity Forum held in Nairobi. The event was partly attended virtually. Mike Salawou, Director of the […]
The African Development Bank has approved a €270 million loan to Morocco to finance an ambitious program to expand and modernize the country’s airport infrastructure as it prepares for a surge in tourism and for the 2030 World Cup. The project, known as the Airport Infrastructure Extension and Modernization Program (PEMIA), aims to boost Morocco’s […]
The African Development Bank (AfDB) has approved an additional €150 million loan for Morocco’s Communal Equipment Fund (French acronym FEC) to enable it Finance 26 infrastructure projects focusing on water, sanitation, urban mobility, energy efficiency, and social facilities in over 30 municipalities. The AfDB has also agreed to provide FEC nearly €1 million in technical […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]