The African Development Bank has approved 100 million euros in financing for Morocco’s inclusive agriculture program targeting women and youth, aiming to enhance food security and climate resilience while creating sustainable rural entrepreneurship opportunities. The Support Program for Inclusive Solidarity Agriculture for Women and Youth (PAASIFEJ) will stimulate entrepreneurship in rural areas through adapted financing […]
Tag: AfDB
African Development Bank names top 10 public service champions
The African Development Bank unveiled its inaugural Public Service Delivery Index, revealing that most African countries struggle to provide quality public services, with the continent achieving just 45.39% of ideal performance standards. Morocco ranked sixth in the top 10 public service champions with 55.22 points, capitalizing on strategic investments in infrastructure, dynamic industrialization through specialized […]
AfDB provides Morocco over €300 Mln to enhance economic competitiveness & climate change resilience
The African Development Bank (AfDB) has approved a financing package of over €300 million for Morocco to support entrepreneurship, job creation, and climate resilience. The funding aims to enhance the country’s economic competitiveness, strengthen resilience to climate change, and promote inclusive growth through skills development and entrepreneurship. AfDB says €181.8 million will support the second […]
AfDB pioneers carbon markets facility to propel climate finance
In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]
AfDB’s stormy forecast: 21 African currencies set to weaken against U.S. dollar in 2025
A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]
AfDB expects Morocco’s growth to reach 3.9% in 2025
Morocco’s economic growth is expected to increase from 3.2 % in 2024 to 3.9% in 2025, driven by robust domestic demand, particularly by investment, the momentum of non-agricultural activities, and the prospect of a better crop year, according to latest African Development Bank report. In 2026, the Bank forecasts a 3.7% growth in the country […]
Tariff tensions trim Africa’s 2025 growth forecast, warns AfDB
Africa’s economic growth is expected to hit 3.9% in 2025, up from 3.3% in 2024, but still lower than previously projected, according to the African Development Bank (AfDB). In its latest African Economic Outlook report, released during its ongoing annual meeting in Côte d’Ivoire, the Bank downgraded its forecast by 0.2 percentage points, citing uncertainty […]
Race to lead AfDB heats up as Adesina’s tenure nears end
As Akinwumi Adesina prepares to step down after a transformative decade as President of the African Development Bank (AfDB), five candidates from across the continent are competing to succeed him in an election set for 29 May in Abidjan, Côte d’Ivoire. Five contenders — Swazi Tshabalala (South Africa), Amadou Hott (Senegal), Samuel Munzele Maimbo (Zambia), […]
Morocco sets water engineering standard for Africa – AfDB
Morocco has established a new civil engineering benchmark for Africa with the groundbreaking perforation of the Al Massira dam, addressing increasing water stress in the Marrakech region, according to the African Development Bank (AfDB). Engineers successfully drilled through Morocco’s second-largest water reservoir, with a capacity of approximately 2.6 billion cubic meters, to create a new […]
AfDB champions regional corridors for AfCFTA economic integration and growth
The African Development Bank (AfDB) has reaffirmed its commitment to fostering regional integration through the development of key infrastructure corridors across the continent. AfDB chief Akinwumi Adesina has recently emphasized the critical role these corridors play in reducing transport costs, improving market access, and stimulating economic growth. During a meeting with Kenya’s Ambassador to Côte […]