First Independent Mena Newspaper
The Denmark-based global engineering company FLSmidth will participate in the construction of a new cement plant in the region of El Jadida under a subcontracting deal with the Moroccan company TEKCIM. Tekcim had won the tender to build the MAD 2.6 billion ($274 million) cement plant in Ouled Ghanem in the province of El Jadida, […]
The European Union and the African Development Bank (AfDB) have earmarked about €67 million to support the fight against climate change in Niger. The funding will support the Program for Integrated Development and Adaptation to Climate Change (PIDACC) in the Niger Basin. The funding agreement was signed by the Nigerien Minister of Planning, Kané Aichatou […]
The African Development Bank hosted earlier this week a symposium to mark the bank’s Climate Change and Green Growth Day. The symposium, the first of its kind, was held under the theme: “Moving from emergency relief to building resilience.” It came in the wake of two devastating tropical cyclones, Idai and Kenneth, which ripped through […]
In Mali, the African Development Bank (AfDB) have approved €11.14 million to improve climate resilience for 100,000 farmers in Mali and safeguard the ecosystems of the Niger River. The AfDB signed three grant agreements with the Malian authorities. The agreements include a €3.5 million grant from the Transition Assistance Facility (TAF), a €2 million grant […]
The first-ever conference for exchange and cooperation between national and local authorities in Africa to address climate issues and support decentralization territorial approach of Nationally Determined Contributions (NDCs), kicked off this Wednesday in Abidjan, Côte d’Ivoire. Ministers, mayors and heads of African municipalities will explore opportunities for cooperation and mutual assistance in this “Structured Dialogue” […]
The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]
The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]
The East African Community (EAC) has secure $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity by 2022. The regional bloc comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The funds – […]
The board of directors of the African Development Bank (AfDB) group approved a €268 million financing to phase II of the Industrialization Acceleration Support Program in Morocco (PAAIM II), the financial institution announced on Wednesday. The objective of this program is to promote Morocco’s industrial acceleration through the deployment of industrial ecosystems, the improvement of […]
The African Development Bank and KfW Development Bank this week said they will be partnering to accelerate implementation of recommendations contained in the 2018 Electricity Regulators Index (ERI) report for Côte d’Ivoire’s energy sector. This partnership arrangement between the two institutions was announced during a technical workshop with key stakeholders from the West African nation’s […]