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African Development Bank Group (AfDB)

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    • Water facilities in the city Khenifra located in the Middle Atlas, in central Morocco.
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Source: African Development Bank Group (AfDB) |

Morocco: African Development Bank Group Strengthens its Technical Assistance to Boost Water Resources

The grant, extended through the Bank's Technical Assistance Fund for Middle-Income Countries, will support technical assistance to the Government of Morocco

Financing Approval Date: 21 December 2022 Project name: Technical Assistance for Dam Design and Interconnection Studies Amount: €201,00 Objectives The grant, extended through the Bank's Technical Assistance Fund for Middle-Income Countries, will support technical assistance to the Government of Morocco for the design of dams, river development and inter-basin interconnection…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Crucial replenishment meeting for the African Development Fund as it marks 50 years of supporting the continent’s low-income countries

The meeting comes amid a tough global climate which has slowed down Africa’s economic growth prospects

Members of the African Development Fund are meeting in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a financing package for the Fund’s next cycle covering 2023-2025. The meeting will be attended by representatives from the Fund’s donor countries…

African Development Bank Group (AfDB)

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    • African Development Bank Group Executive Directors’ meeting with Minister of Economy and Finance, Nadia Fettah
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Source: African Development Bank Group (AfDB) |

Morocco: African Development Bank Group Executive Directors Praise Country’s Development Progress

The meetings, coupled with field visits, enabled them to assess the Bank's engagements in the north African country and to gain a better understanding of its development prospects

At the end of a five-day visit to Morocco, Executive Directors of the African Development Bank Group (www.AfDB.org) lauded the Moroccan government’s vision for development and the progress the country has achieved. The Bank Group’s Board delegation of about 10 executive directors, accompanied by the Country Manager for Morocco, Achraf Hassan…

African Development Bank Group (AfDB)

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    • Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure
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Source: African Development Bank Group (AfDB) |

Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure

It is a first-rate institution, pushing the frontiers of development on infrastructure in Africa, preparing projects, taking them to commercial viability, and financing them

African Development Bank Group (www.AfDB.org) President and Chairman of the Africa50 (https://www.Africa50.com) Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap. Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday.…

African Development Bank Group (AfDB)

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    • In the emergency units of the Ibn Sina Hospital in Rabat, Morocco, a team of doctors treat patients severely affected by Covid-19. The African Development Bank has provided Morocco with more than €380 million through the COVID-19 Response Support Programme and Additional Funding for the Social Protection Support Programme
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Source: African Development Bank Group (AfDB) |

Morocco: African Development Bank Commits €87 Million Loan to Widen Social Protection and Strengthen Health Services

The program aligns with Morocco’s human development objectives and the Bank’s High 5s strategic goal to foster sustainable and inclusive growth on the continent

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an €87 million loan to implement the Support Program for the Generalization of Social Coverage in Morocco. The primary objective of this operation is to consolidate the foundations of a viable social protection program based on an integrated…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

UN Environment Assembly: Circular economy gains traction as Morocco plans to join regional Alliance

The event was in keeping with the central theme of the assembly: “Strengthening Actions for Nature to Achieve the Sustainable Development Goals”

The African Development Bank (www.AfDB.org) joined public and private sector actors in Nairobi this week to discuss the implementation of circular economy policies, and action plans in Africa. Highlights of the side event included news that Morocco plans to join the African Circular Economy Alliance. The side event on accelerating…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Legal Support Facility holds Annual Meetings

The meetings were held virtually from 24-25 May 2021

The African Legal Support Facility (ALSF) (www.ALSF.int) has concluded virtual Annual Meetings of its management board and Governing Council during which the institution’s term was extended until 2036. The extension – for an additional 14 years beyond the original term date of 2022 – was based on the ALSF’s accomplishments,…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa’s first Super Energy Service Company in Morocco gets $965,000 grant boost from African Development Bank’s Sustainable Energy Fund for Africa (SEFA)

Amid growing demand, Morocco aims to meet its energy needs by combining large-scale energy efficiency strategies and renewable energy investments

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS) is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa. ​“This support from the African Development Bank will enable the operationalization of the…