Keywords: African Development


AfDB and OCP sign €450 million green credit guarantee to support sustainable investment program

The African Development Bank (AfDB) and the OCP Group have signed a €450 million partial credit guarantee agreement aimed at supporting the company’s large-scale investment program in Morocco. The agreement, signed in Rabat, is designed to facilitate a €530 million green financing package......

African Development Bank grants donation to Bank Al-Maghrib to boost digital payments

The African Development Bank (AfDB), through its African Digital Financial Inclusion Fund (ADFI), has granted a $510,000 donation to Bank Al-Maghrib (BAM) to support the expansion of digital payments in Morocco. The funding is aimed at promoting broader adoption of electronic payments, enhancing financial......

ACWA Power and AfDB join forces to tackle Africa’s energy and water challenges

ACWA Power and the African Development Bank (AfDB) have signed a $5 billion framework agreement aimed at accelerating large-scale projects in the energy and water sectors across Africa. The deal, finalized during the Africa Investment Forum in Rabat, underscores the urgent need to address Africa’s......

AfDB approves €150 million credit line to boost local development in Morocco

The African Development Bank (AfDB) has approved a €150 million credit line for Morocco’s Municipal Equipment Fund, aiming to support local development projects across the country. The initiative seeks to enhance infrastructure, climate resilience, and connectivity, with a particular focus......

AfDB approves €150 million credit for sustainable infrastructure projects in Morocco

The African Development Bank (AfDB) board approved on Wednesday in Abidjan a €150 million credit line to Morocco’s Communal Equipment Fund (FEC) to finance new investment and sustainable infrastructure projects. The initiative aims to promote inclusive development and strengthen local territorial......

UN Resolution 2797 highlights Morocco's autonomy plan as key solution for Sahara dispute

Morocco’s ambassador to the United States, Youssef Amrani, emphasized that UN Security Council Resolution 2797 reinforces the central role of Morocco’s autonomy plan as the definitive solution to the regional dispute over the Sahara. Speaking in a podcast hosted by the Hudson Institute, Amrani......

Masen and World Bank train African experts to advance renewable energy projects

Morocco has partnered with the World Bank to launch a groundbreaking training program aimed at equipping African experts with the tools to manage competitive renewable energy projects. Hosted by the Moroccan Agency for Sustainable Energy (Masen) in collaboration with key international organizations,......

Morocco and Senegal mark six decades of lasting partnership with symposium in Laayoune

Morocco’s Mohammed VI Polytechnic University (UM6P) is set to host a symposium on October 27 in collaboration with the Timbuktu Institute – African Center for Peace Studies, celebrating the 60th anniversary of Morocco-Senegal cooperation. The event will take place at the ASARI Campus of UM6P......

Equatorial Guinea lauds Morocco’s role in Africa’s economic transformation

Morocco’s President of the Economic, Social, and Environmental Council (CESE) and the Union of Economic and Social Councils and Similar Institutions of Africa (UCESA), Abdelkader Amara, recently met with Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo in Malabo. The high-level......