First Independent Mena Newspaper
The African Development Bank and the Fonds d’équipement communal (FEC) have signed a second agreement for a €150 million loan to support investment momentum across Morocco’s municipalities. The AfDB financing package will enable the FEC to continue funding sustainable, inclusive and climate-resilient infrastructure projects including the construction of rural access roads, drinking water networks, urban […]
Morocco’s Ithmar Capital and the African Development Bank Group have announced a strengthened strategic partnership aimed at intensifying the mobilization of African institutional capital for cross-border infrastructure projects. The announcement, made in Abidjan, brings together the AfDB Group and the Africa Sovereign Investors Forum (ASIF), chaired by Ithmar Capital’s CEO Obaïd Amrane. Building on their […]
The African Development Bank (AfDB) has approved €205 million ($234 million) in financing for Morocco to help extend the country’s high-speed rail network and upgrade infrastructure along one of its busiest transport corridors. The financing is aimed at increasing capacity and improving operational performance on the Kenitra-Marrakech railway corridor, a key route for passenger and […]
The African Development Bank (AfDB) has significantly increased its financial commitments to Mauritania, with its investment portfolio rising from $147 million to $659 million over the past three years. The $512 million expansion reflects a more than fourfold increase in support and underscores a deepening partnership between the AfDB and Mauritania. The funding is directed […]
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 […]