Keywords: African Development
The African Development Bank (AfDB) has launched a significant €1.26 billion (MAD 12.89 billion) investment package for Morocco, marking a substantial commitment to the Kingdom’s economic and social advancement. Since the start of 2024, the AfDB has unveiled nine strategic projects across......
The sun-drenched nation of Morocco is embarking on an ambitious €84 million initiative to revitalize its forests, watersheds, and rural communities. Approved by the African Development Bank, this sweeping "Inclusive and Sustainable Development Project for Forest Areas" aims to bolster......
The Maghreb region, encompassing North African countries, has long been touted as a potential powerhouse. Yet, its aspirations for unity and economic prosperity have been hindered by deep-rooted rivalries and ideological rifts. According to data from the World Bank and the African Development Bank (ADB),......
The African Development Bank (AfDB) is poised to inject a substantial investment of more than 850 million dirhams (equivalent to 84 million euros) into Morocco's forestry sector. The Board of Directors of the AfDB Group has approved this financing as part of a project aimed at supporting the inclusive......
In a significant step toward bolstering Morocco's higher education sector, the African Development Bank (AfDB) Group's Board of Directors has approved a staggering €120 million financing package. This financial injection will fuel the ambitious "Support Program for the Transformation......
In a landmark move to bolster private sector financing and invigorate trade across the African continent, the African Development Bank (AfDB) and Banque Centrale Populaire (BCP) have inked a groundbreaking $70 million Risk-Sharing Agreement (RSA). This substantial financial commitment represents a global......
Africa's youth aren't just the changemakers of tomorrow, they're shaping the continent today. At the University Mohammed VI Polytechnic (UM6P) in Morocco, nearly 140 young trailblazers from 25 African nations gathered for the Bridge Africa Summit, a three-day convergence of ideas and innovation......
Morocco has been thrust into the global spotlight as one of the leading debtors to the International Monetary Fund (IMF), ranking 17th globally with a staggering $1.34 billion owed to the financial institution. This revelation, based on recent data analyzed by Insider Monkey, sheds light on the Kingdom's......
In a stern warning, the African Development Bank (AfDB) has reiterated grave concerns over the escalating water scarcity crisis in Morocco, exacerbated by the adverse effects of climate change. The bank's latest report paints a grim picture, highlighting the far-reaching implications of this crisis......
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