Morocco is not only in line with the African Development Bank's High 5 priorities, the Kingdom is also "one of the Bank's best performing portfolios on the continent," said AfDB president Akinwumi Adesina during his first official visit to Morocco as AfDB president. He also hailed Morocco's role on the continent: "85% of your foreign direct investment is in Africa" and applauded the wish expressed by Morocco a few days before his visit to re-join the African Union (AU). Read more. More about AfDB in this BRIEFING.
€200 million of the financing to construct the Noor I, II and III concentrated solar power plants came from AfDB. The project is one of the largest concentrated solar plants in the world. Noor I, II and III concentrate solar plants are expected to generate 510 MW of power by end 2018.
African Development Bank, 30 June 2016
The African Development Bank (AfDB) and Morocco have signed a loan agreement amounting to US $134.65 million to improve social protection and inclusion in the Kingdom. Read more »
Morocco in line with AfDB’s High 5s - The day after his arrival in the Kingdom of Morocco on his first official visit as president of the African Development Bank (AfDB), Akinwumi Adesina attended many high level meetings with the Moroccan authorities in Rabat on Wednesday 20 July. He was accompanied by a delegation that included Resident Representative in Morocco Yacine Fal, AfDB Acting Vice President responsible for operations Janvier Litse, and Acting Vice President responsible for finance Charles Boamah.
African Development Bank, 28 July 2015
The African Development Bank Group (AfDB) and the Government of the Kingdom of Morocco on 28 July 2015 in Casablanca signed one loan and two grant agreements amounting to $114.5… Read more »
As development experts and world leaders gather in Washington, DC, for the 2016 IMF Spring Meetings, the president of the African Development Bank (AfDB), Akin Ade Read more »
Even as the curtain fell on the African Development Bank's 2016 Annual Meetings, the energy and forward momentum for the Bank's agenda--Read more »