November 25, 2021
1 min read

African Development Bank approves $135mn to help Morocco’s recovery

The African Development Bank (AfDB) has approved for Morocco a loan of $135 million to stimulate recovery in the post-Covid 19 era…reports Asian Lite News

The Board of Directors of the AfDB Group approved the loan to help the North African country by implementing financial inclusion, entrepreneurship, and support programme for small and medium-sized enterprises, the report published on Wednesday said.

African Development Bank approves $135mn to help Morocco’s recovery

Additionally, the loan will also enable companies in financial difficulty to resume their activities and safeguard jobs, Xinhua news agency reported.

ALSO READ: Morocco’s unemployment rate fell to 11.8% in Q3

Previous Story

UAE’s 50th National Day kickstarts at Khorfakkan in Sharjah

Next Story

All you need to know about ‘Negative Calorie Food’

Previous Story

UAE’s 50th National Day kickstarts at Khorfakkan in Sharjah

Next Story

All you need to know about ‘Negative Calorie Food’

Latest from AFRICA NEWS

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

Zimbabwe Courts India’s UPI

Zimbabwe is in talks with India’s NIPL to adopt UPI-based payments, potentially cutting transaction costs and improving digital transfers across the country….reports Africa daily News Desk Zimbabwe is in talks with NPCI

Jaishankar to Visit Ghana

Jaishankar to visit Ghana to deepen ties in pharmaceuticals, agriculture…Asian Lite News Desk External Affairs Minister S Jaishankar will visit Ghana from October 6 to 7 at the invitation of Ghanaian Foreign

Global South demands financial reset

Leaders from Africa, the Caribbean and the Pacific want financing to reflect climate vulnerability as well as income, while calling for easier access to development funds….reports Africa Daily News Desk Developing countries
Go toTop

Don't Miss

Morocco survive Haiti scare to seal last 32 spot

The Atlas Lions recovered from falling behind twice to beat

Foreign Secretary promises honest investment in Africa

The fund supports 37 of the most vulnerable countries across