First Independent Mena Newspaper
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 […]
The African Development Bank approved an additional funding of €12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project. This corridor links the capitals of five West African states – Côte d’Ivoire, Ghana, Togo, Benin and Nigeria – […]
The African Development Bank (AfDB) has just awarded a grant of nearly €762,000 to Guinea. The amount, granted through the AfDB Sustainable Energy Fund for Africa (SEFA), will support the Guinean Rural Electrification Agency sett up solar off-grid projects for the country’s villages. According to the bank, funds will be used, among others, to finance […]
The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up […]
The African Development Bank (AfDB) last week approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security. The nine beneficiary countries are Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan, Uganda and […]
The African Development Bank (AfDB) Group has approved €12.46 million to support the Energy Transition and Institutional Support Program (ETISP) of São Tomé and Principe. The financing cover the major part of the program, which costs around €13 million. The rest of the funding will be supplemented by the government, according to AfDB. The project […]
The African Development Bank (AfDB) has granted a loan of €62.35 million to Côte d’Ivoire, the bank said in a statement. The funds are intended to finance the Project for the Strengthening of Electrical System Works and Access to Electricity (Proser). The AfDB grant will help finance the electrification of 1,388 rural localities in the […]