Faced with the famine threatening Africa due to the war in Ukraine, the Office Chérifien des Phosphates (OCP), the Moroccan giant of phosphates, and the African Development Bank (AfDB), are discussing emergency fertilizer supply to West Africa.
The Nador West Med port complex has just benefited from additional financing of 57 million euros approved by the Board of Directors of the African Development Bank Group.
The African Development Bank (AfDB) will support Morocco for the next two years to help it develop its climate strategy, especially since the kingdom is facing one of the worst droughts ever recorded.
The African Development Bank (AfDB) granted, on Wednesday, a loan of 120 million euros to Morocco, to support and strengthen the country’s small and medium-sized enterprises.
The African Development Bank (AfDB) has approved the signing of a new loan agreement for the financing of an agricultural program, amounting to 1.2 billion MAD.
Mohamed Benchaâboun , Minister of Economy, Finance and Administrative Reform, was designated, on Wednesday, Finance Minister of the Year for the African continent.
The African Development Bank (AfDB) intends to support the improvement of the business climate in Morocco, which is striving to "succeed in a high-road crisis exit". In this sense, a grant agreement of nearly one million US dollars was signed on Monday, May 3, between the AfDB and the Moroccan Ministry of Economy, Finance and Administration Reform.
The African Development Bank (AfDB) is supporting the modernization of the rail sector in Morocco. It has mobilized 300 million euros in favor of the National Railways Office (ONCF) to finance the project to increase the capacity of the Tangier-Marrakech rail link.
Morocco made, on November 27 last, the first payment of its share related to the capital increase of the African Development Bank (AfDB). Algiers and Abidjan will also make their payment during the year 2021, like other African countries.
Water is becoming almost a luxury in some regions of the North due to the scarcity of rainfall. The National Office of Electricity and Drinking Water, in partnership with the Council of the Tanger -Tétouan-Al Hoceima Region, has launched a water supply project for several villages in Tanger, Tétouan , Larache and Chefchaouen over a five-year period.
As part of its Covid-19 Response Support Program (PARC-19), the African Development Bank (AfDB) approved on Wednesday in Abidjan a financing of 264 million euros for Morocco.
$204 million. This is the amount of the loan granted by the African Development Bank (AfDB) to Morocco to finance the Support Program for the Improvement of Social Protection (PAAPS). The loan agreement was signed on Friday in Rabat.