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Keywords: African Development Bank
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......
In response to a request from Morocco's Ministry of Economy and Finance, the African Development Bank (AfDB) is preparing to approve a technical assistance program aimed at promoting public-private partnerships (PPPs) in the country. The primary objective of this support is to assist in the implementation......
Marrakech is grappling with escalating climate threats, including drought, extreme heat, flooding, and sandstorms, according to a recent report by the Global Center on Adaptation (GCA). The city's vulnerability to climate change is leading to severe impacts, such as food and water shortages, increased......
In a strategic move to address Morocco's pressing water scarcity, Energy Recovery, a US-based innovator in energy-efficient technologies, has secured $27.5 million in contracts for new desalination projects. These initiatives align with Morocco's ambitious plans to source half of its drinking......
In a significant move to bolster Morocco's economic stability and environmental resilience, the African Development Bank (AfDB) has approved a substantial financial package of €120 million. This funding, part of the initial phase of the Support Program for Governance and Climate Resilience,......
AfDB President Lauds King Mohammed VI for Transformative Progress In a recent statement, Akinwumi Adesina, President of the African Development Bank Group (AfDB), hailed the extraordinary advancements Morocco has achieved under the leadership of King Mohammed VI. As Morocco approaches Throne Day, Adesina......
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),......
