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Keywords: African Development Bank
Morocco is strengthening its railway ambitions with a €205 million financing agreement from the African Development Bank to support the expansion and modernization of its rail infrastructure network. Approved by the bank’s board of directors during a meeting in Abidjan, the funding will finance......
The African Development Bank (AfDB) and the World Bank have agreed to deepen their cooperation in addressing Africa’s most pressing economic challenges, following a high-level meeting held in Abidjan. The strengthened partnership aims to improve research coordination and support more effective......
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......
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 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......
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......
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......
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,......
Eighteen rural communities in Lesotho have filed a formal complaint with the African Development Bank (AfDB) over the construction of a major water project, claiming that it has caused extensive damage to farmland, polluted water sources, and harmed local homes. Approximately 1,600 residents of villages......