Press Releases

16/05/2012 - The Boards of Directors of the African Development Bank Group today in Tunis approved the equivalent of USD 436 million for the financing of Morocco’s power project, and two other investments in Africa. The first approval is an AfDB loan of Euro 168 million and USD 100 million Clean Technology Fund concessionary loan to finance the first phase of the Ouarzazate solar power station in Morocco.

Categories: Morocco, Energy & Power, Climate Change, Climate Investment Funds (CIF), Environment

13/04/2012 - The African Development Bank (AfDB) has embarked on a consultation exercise across Africa on its proposed Integrated Safeguards System (ISS). It is conferring with governments and representatives of civil society and the private sector.

Categories: Kenya, South Africa, Gabon, Nigeria, Morocco, Private Sector Development, Civil Society, Environment

21/02/2012 - France’s minister for cooperation, Henri de Raincourt, its secretary of state for foreign trade, Pierre Lellouche, represented by Delphine d’Amarzit, multilateral affairs and development manager at the general directorate for Treasury, and the vice president for sector operations from the African Development Bank (AfDB), Kamal Elkheshen, met in Paris on 21 February 2012, where more than 200 people gathered for a conference on money transfers to Africa from migrants

Categories: Tunisia, Morocco, Algeria, Libya, France, Migration and Development Initiative

04/01/2012 - The Migration and Development Fund’s oversight committee recently approved a series of grants amounting to € 1.4 million to six remittances funded local development projects across the African continent.

Categories: Tunisia, Algeria, Morocco, Côte d’Ivoire, Benin, Togo, Migration and Development Initiative

01/12/2011 - The low absolute poverty rate in North African countries is often used to demonstrate the strengths of the economic models of these countries. However, measuring poverty at the level of the nation often masks important variations in regional poverty rates.

Categories: Tunisia, Morocco, Mauritania, Poverty Reduction

24/11/2011 - Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé à Tunis, le 23 novembre 2011, un prêt de 224 millions d’euros pour financer le programme d’appui au développement du secteur financier – phase II (PADESFI II) du Maroc.

Categories: Morocco, Economic & Financial Governance

31/10/2011 - African states came closer to finalizing a continental programme for the development of vital infrastructure as talks ended in Morocco at the weekend.

Categories: Morocco, Programme for Infrastructure Development in Africa (PIDA)

28/09/2011 - Even though Africa contributes roughly 7% of global greenhouse gas (GHG) emissions, the continent can play an important role in mitigating the GHGs emissions and reducing the harmful impacts of climate change. Determining which actions to take is a complex process, but developing nations have been given latitude to propose nationally appropriate measures to contribute to global mitigation efforts while taking into account their development objectives.

Categories: Morocco, South Africa, Climate Change, Climate Investment Funds (CIF), Environment

16/09/2011 - The Deauville Partnership, set up at the G8 meeting in the French seaside town in May 2011 with the aim of supporting political and economic transformation in Tunisia, Egypt, Jordan and Morocco, has welcomed five new members.

Categories: France, Kuwait, Qatar, Saudi Arabia, Turkey, Tunisia, Morocco, Egypt, United Arab Emirates, Deauville Partnership

13/07/2011 - The Board of Directors of the African Development Bank (AfDB) has approved a €20-million equity investment in the Maghreb Private Equity Fund III (MPEF III). This third-generation multi-sector private equity fund will target investments in Small and Medium Enterprises in Morocco, Algeria, Tunisia, Libya and, according to emerging investment opportunities, Egypt.

Categories: Algeria, Egypt, Libya, Morocco, Tunisia, Infrastructure, Private Sector Development