Tag: AfDB

AfDB forecasts 2.3 growth rate for Tunisia over 2023-2024 period

May 25, 2023

Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its ... Read More

AfDB loans partial credit worth $345 million for green, social projects

May 22, 2023

The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, ... Read More

Africa agribusiness set to become $1 trillion ‘new oil’ industry by 2030 — AfDB

May 11, 2023

Africa’s agribusiness sector is expected to grow to become a $1 trillion industry by 2030, participants at a recent Africa Investment Forum (AIF) have concluded, ... Read More

Morocco, second largest industrial powerhouse in Africa- AfDB

March 8, 2023

The African Development Bank AfDB ranked Morocco the second largest industrial country in the African continent with a narrow margin behind South Africa. Moroccan industrial ... Read More

Burkina Faso, AfDB ink financing agreements of six projects

February 28, 2023

Burkina Faso and the African Development Bank (AfDB) signed Monday 10 agreements for financing six projects in the West African country to the tune of ... Read More

Africa must combat illicit trade in natural resources — reports

February 28, 2023

To protect its abundant natural resources, African countries need to make concerted efforts to combat illicit resource trade, according to reports from the African Development ... Read More

Feed Africa Summit: AfDB to commit $10 billion to make continent the breadbasket of the world

January 27, 2023

The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary ... Read More

Africa: A 4% growth rate in 2023, outpacing IMF’s global forecast — AfDB report

January 24, 2023

The African Development Bank predicts the continent’s growth will be stronger-than-expected at 4% this year. Its cautiously optimistic economic outlook is partly based on the ... Read More

Morocco Contributes $5 Mln to African Development Fund

December 10, 2022

Morocco has contributed $5 million to the African Development Fund (ADF), which provides concessional funding for projects, technical assistance for studies and capacity-building activities in ... Read More

Morocco backs replenishment of AfDB’s concessional financing fund

December 5, 2022

Morocco will make a contribution to replenish the African Development Fund, a concessional funding window of the African Development Bank. “The decision reaffirms Morocco’s willingness ... Read More