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Marsa Maroc Secures €65 Million to Modernize Key Port Terminals

Marsa Maroc, the Moroccan port operator, has secured €65 million in financing from the European Bank for Reconstruction and Development (EBRD) to modernize key port terminals in Morocco. This strategic partnership underscores Marsa Maroc's commitment to enhancing the country’s port infrastructure,......

Building Financial Infrastructure Resilience at AFIS 2024

The discussions on Day 2 of the Africa Financial Summit (AFIS) focused on solutions to steer the continent toward a more connected and inclusive financial future. Casablanca – Africa Financial Summit Shaping Financial Future The Africa Financial Summit (AFIS) is in full swing, with a strong focus......

Morocco Targets 1.7 Billion M³ of Desalinated Water by 2030 Amid Water Crisis

Morocco has set an ambitious goal of producing 1.7 billion cubic meters (m³) of desalinated water by 2030 as part of its ongoing efforts to combat the country’s water crisis. This target is central to the updated National Water Plan (PNE), which will guide the country’s water strategy......

ONEE Secures €104.7 Million AfDB Grant to Enhance Water Systems and Digitalization

The funding aims to address Morocco's urban water demands and modernize supply systems in response to climate and population pressures. Morocco’s National Office of Electricity and Drinking Water (ONEE) has secured €104.7 million (MAD 1.15 billion) in funding from the African Development......

Morocco’s External Debt Reaches $69.267 Million in 2023

A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......

ONCF de Marruecos asegura 14 mil millones de dólares para un proyecto ferroviario clave

La Oficina Nacional de Ferrocarriles de Marruecos (ONCF) ha conseguido con éxito más de 14 mil millones de dólares en compromisos financieros para un importante proyecto ferroviario, anunció el presidente del Banco Africano de Desarrollo (AfDB), Akinwumi Adesina, tras el Foro......

World Bank Announces Record $100 Billion Support for the Poorest Nations

The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......

Morocco and AfDB Strengthen Partnership for Sustainable Growth

Morocco and the African Development Bank (AfDB) are further solidifying their economic collaboration through strategic investments targeting infrastructure, agriculture, and large-scale projects related to the 2030 World Cup. This strengthened partnership was highlighted during a meeting in Rabat between......

AfDB and Bank of Africa Forge EUR 50 Million Deal to Boost African Trade

The African Development Bank (AfDB) and Morocco’s Bank of Africa (BOA) have signed a landmark EUR 50 million risk-sharing agreement in Rabat, aimed at enhancing private sector financing and fostering trade across the African continent. The deal was finalized on the sidelines of the Africa Investment......