First Independent Mena Newspaper
Morocco reiterated its call for the setting up of a new African investment model that leverages capital from private and institutional investors to make up for a drop in public investments on the back of the successive crises. Speaking at an event by Africa50, an infrastructure investment platform operating under the umbrella of the African […]
The African Development Bank Group will lend Morocco €87 million to help the country implement the Support Program for the Generalization of Social Coverage. The primary objective of this operation is to consolidate the foundations of a viable social protection program based on an integrated and inclusive approach, said the African financial institution in a […]
The African Development Bank Group has approved an additional financing of €57 million for Morocco to help finance the ongoing construction of the Nador West Med port complex. This financing completes a first funding of nearly €113 million, granted by the Bank in 2015, said AfDB in a press release, published on the sidelines of […]
The African Development Bank (AfDB) has released a global aid package of $1.5 billion to prevent a food crisis on the African continent due to the Ukraine-Russia conflict. “This plan of 1.5 billion dollars will be used to help African countries to produce food and to do it quickly,” said AfDB President Akinwumi Adesina, before […]
The African Development Bank has pledged to provide Morocco more than $1 billion over the next two years to enable the North African country cope with drought and support climate-resilient agricultural initiatives seeking to boost farming production and ensure food security. The announcement was made Tuesday by AfDB Vice-Pdt Beth Dunford following her working visit […]
Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by the Green Climate Fund. With a commitment of $164 million, the Abidjan-based bank will help scale up decentralized renewable energy (solar home systems, green mini-grids, and solar solutions for commercial […]
The African Development Bank, AfDB, has approved the allocation of €104 million to Tunisia for the implementation of the 2nd phase of the Road Infrastructure Modernization Program (PMIR II). The Abidjan-based financial institution is a press release said the program seeks to establish an efficient and sustainable transport system capable of developing intra- and inter-regional […]
Morocco’s National Office of Electricity and Drinking Water (ONEE) and the African Development Bank (AfDB) signed an additional €18 million financing agreement to ensure the sustainability and security of drinking water supply in several regions of the Kingdom. This additional financial assistance will contribute, with the €115 million loan already mobilized in 2018, to finance […]
The Board of Directors of the African Development Bank (AfDB) on Wednesday in Abidjan approved a €120 million loan to Morocco to implement the country’s Financial Inclusion, Entrepreneurship, and the support program to very small & medium enterprises (SMEs). The Bank’s support will enable companies in difficulty to recover their activity and safeguard jobs […]
The African Development Bank (AfDB) will contribute €114.03 million (1.184 billion dirhams) in support of the Moroccan Program for Inclusive and Sustainable Development of Agricultural and Rural Areas (PADIDZAR). The program, which is part of the new agricultural strategy called “2020-2030 Green Generation”, aims to support small and medium hydropower on about sixty perimeters with […]