First Independent Mena Newspaper
Japan announced it will invest $30 billion in support of Africa’s economic growth and infrastructure over the next three years. The pledge was made by Japan’s Prime Minister Shinzo Abe at the Japan-Africa economic summit in Nairobi, as Tokyo competes for influence in the continent with the U.S., China and former European colonial powers such […]
The African Development Bank (AfDB) commended Morocco’s commitment to economic development in Africa, saying that the Kingdom gears 85% of its foreign direct investments to the continent. In a statement issued following the visit of the AfDB President Akinwumi Adesina to Morocco last week, the Bank described the Kingdom as “one of AfDB’s best performing […]
Morocco’s railway authority received Wednesday a $112.3 million loan from the African Development Bank (AfDB) earmarked for doubling train tracks on the Settat-Marrakech route. The new deal signed in Abidjan, Côte d’Ivoire, will enable Morocco’s National Railway Authority (ONCF) to double train tracks on the 142 km-long Settat-Marrakech route; a project which will help boost […]
The European Bank for Reconstruction and Development (EBRD) has announced a €200 million loan to state-owned “Société Nador West MED” to enable it finance the basic infrastructure for a new port on the Mediterranean coast of Morocco in the city of Nador. The development of the port is a major boost for eastern Morocco and […]
Tunisia is preparing a five year development program that is expected to begin next year and the Minister of Development, Investment and International Co-operation Yassine Brahim said the plan will include strategic orientations and national priorities. The plan seeks the revival of Tunisian economy and also focuses on the social challenges after the end of the […]
Cairo’s request for a €50.20 million loan from the African Development Bank (AfDB) for agricultural purposes has been approved by the bank’s board. The amount will be used to implement the Egyptian National Drainage program (NDP) destined to improve the country’s agricultural production and household income generation by developing irrigation systems as well as avoid […]
Tunisian state owned oil and gas exploration and production company, Entreprise Tunisienne d’Activités Pétrolières (ETAP), will be benefitting from a $75 million corporate loan from the African Development Bank. The loan was approved by the Bank’s board of directors last month. The fund will be directed to the funding of the Nawara project as part […]
From 9-11 December, Tunis is hosting the first African Ministerial Meeting on Information and Communication Technology (ICT) Integration, Education, and Training. The forum is a joint endeavor of the Association for the Development of Education in Africa (ADEA), the African Development Bank (AfDB), the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Organisation internationale […]
Three North African countries namely Tunisia, Morocco and Algeria will be benefitting from the Open Data Platforms alongside other 17 other African countries launched by the African Development Bank (AfDB). Upon completion of the project in July 2013, it is believed that quality data on Africa will be brought to the doorsteps of its users […]