First Independent Mena Newspaper
The African Development Bank (AfDB) has renewed its commitment to support a socially inclusive and ecologically sustainable recovery in Morocco, said the Bank country manager for Morocco Brice Mikponhoue. Speaking at the opening of a remotely-held seminar on social and environmental safeguards that frame AfDB’s operations in the Kingdom, Mikponhoue said that this joint event […]
The African Development Bank (AfDB) has earmarked €300 million for the Moroccan Railways Office (ONCF), that financed the project meant to increase the capacity of the Tangier-Marrakech railways axis, said the AfDB in a press release. Thanks to this financing coupled with technical assistance, the AfDB supports the modernization of the railways sector in Morocco […]
Morocco’s GDP is expected to increase to 4.5 pc in 2021 as the country’s economy is recovering from a 5.9 pc decline in 2020 after growing 2.5 pc in 2019, says the African Development Bank in its latest report. During the third quarter of 2020, Morocco’s exports of automotive parts and phosphate and derivatives rebounded […]
Morocco has joined the Bloomberg African Bond Indices (ABABI) of the African Development Bank (AfDB). Mauritius also joined the index set up in 2014 by the African bank and Bloomberg to provide investors with a reliable tool designed to measure and track the performance of Africa’s bond markets. Starting January 2021, Mauritius and Morocco have […]
The African Development Bank extended a loan of €118 million to help Morocco address the social challenges triggered by the coronavirus pandemic. The loan is part of a program launched in 2019 by the bank to help Morocco improve its social protection mechanisms. In this respect, the current loan adds to a credit […]
Morocco has successfully completed the perforation of the Al Massira dam, with the aim of improving the drinking water supply for the residents of Marrakech. The African Development Bank (AfDB), which contrinuted to the undertaking, and Morocco’s National Office for Electricity and Drinking Water (ONEE) described the feat as a breakthrough and the first of […]
The African Development Bank (AfDB) expects a 4 pc GDP growth in Morocco in 2021 after the country’s economic activity was affected like other countries around the world by the Covid-19 pandemic. In its “African Economic Outlook 2020 – Supplement”, the African Bank says Morocco’s budget and current account deficits should improve next year, respectively […]
Morocco’s Noor Ouarzazate solar complex, one of the largest solar parks in the world, is playing a key role in Africa’s energy transition, the African Development Bank (AfDB) says in a report posted on its website. Such projects, which aim to provide Africa with energy while preserving the environment, help lay the foundations for more […]
The African Development Bank (AfDB) approved on Wednesday in Abidjan a €264 million financing to Morocco, as part of its COVID-19 response support program (Parc-19). With a rapid deployment of resources, PARC-19 contributes to bolster the Kingdom’s response efforts to the health, economic and social crisis triggered by the Covid-19 epidemic, the AfDB said in […]
After President of the African Development Bank Akinwumi Adesina has been cleared in an internal investigation of accusations of prevarication and favoritism, his accusers are now attacking the Ethics Committee that conducted the investigation. They doubt its probity and are calling for an independent investigation. The whistleblowers at the African Development Bank (AfDB) have not […]