First Independent Mena Newspaper
Hundreds of truckers have stopped working on Cameroon’s border with Chad to protest a ban on heavy trucking into Chad, which depends on Cameroon for 80% of its imported goods. Drivers transporting food and humanitarian assistance slammed what they call Cameroon’s refusal to repair the highly dilapidated road linking northern Cameroon and Chad. The strategically […]
The COVID-19 pandemic and the ongoing war in Ukraine have been pushing many electric grid utilities in Africa — which have long been strapped for cash — close to financial collapse, whereby this situation is in turn also slowing down the continent’s clean energy transition. Ghana’s electric grid is in dire straits. In the mid-2010s, […]
Morocco and the World Bank have signed a $500 million financing agreement, representing the first tranche of a loan destined to strengthen human capital for a resilient Morocco. The financing aims to improve protection against health risks, loss of human capital as well as to improve climate risk management and resilience to catastrophic events. The […]
The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based institution in a statement said the funds will help provide an “emergency safety net” amid worsening hunger in the northeast African nation “caused by a poor harvest and rising international […]
Morocco’s economic growth is expected to slow to 1.1% in 2022 due to a sharp drop in agricultural production but national GDP will increase 4.3% in 2023, the World Bank said. Morocco’s economy grew 7.8% last year as the economy continued to recover from the Covid-19 impact amid an exceptional agricultural output making up for […]
Remittance flows to Morocco increased by 40 pc in 2021, reaching $10.4 billion, says the World Bank in its latest “Migration & Development Brief”. With such performance, Morocco becomes the second-largest recipient of remittances in the Middle-East and North Africa region. Indicators for early 2022 suggest a continuation of buoyancy in receipts, says the WB […]
Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]
The Board of Directors of the World Bank approved Saturday a $180 million loan to Morocco to finance investment projects in resilient and sustainable agriculture in the Kingdom. The loan, allocated to the Resilient and Sustainable Water Management in Agriculture (RESWAG) project, aims to strengthen the governance of water resources in the agricultural sector, improve […]
The World Bank is ready to strengthen its support to Morocco’s economic and social development efforts, said Wednesday in Rabat, President of the World Bank Group, David Malpass. The WB official, who had meetings with Head of the Government Aziz Akhannouch and Minister of Economy and Finance, Nadia Fettah Alaoui, congratulated Morocco for “its effective […]
The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms. Ferid Belhaj, World Bank Vice President for Middle East and North Africa, made the announcement to Tunisian Prime Minister Najla Bouden during a visit. The World Bank official also indicated that the US-based institution will help […]