Posts Tagged ‘African Development Bank’

Morocco gets $112.3m AfDB loan for intercity rail upgrade | Railway-Technology.com

Morocco is expanding transportation infrastructure with help from the African Development Bank: The African Development Bank (AfDB) has approved a $112.3m loan for infrastructure improvements in Morocco, including doubling the 142km stretch of the Tangier-Casablanca-Marrakech railway line. Moroccan National Railways Office (ONCF) will use the funds to build a second track on the line between Settat and Marrakech. The work would save time and allow increased passenger and freight traffic ...

AfDB Commits € 113 million to Morocco’s Nador West Med Port Complex | MAP

Morocco continues expanding its port infrastructure to expand its role as a trade hub: The African Development Bank Group (AfDB) approved, here Wednesday, a loan of € 112.86 million to Morocco to help finance the construction of the Nador West Med port complex. The loan, granted to the Nador West Med Company, with state guarantee, will be used specifically to finance the construction of port infrastructure in the first phase ...

ACWA Power seals Noor 1 and 2 financing | Utilities-ME

Morocco is one step closer to drastically expanding domestic solar energy production: ACWA Power has achieved financial close of the Independent Power Projects of NOOR II (200MW) and NOOR III (150MW) concentrated solar power (CSP) projects in Morocco. The total value of both projects of about $2bn will be funded on 80/20 debt to equity basis with debt entirely financed by Masen with lending funds secured from the African Development ...

African Development Bank (AfDB) Grants Morocco €100 Million Loan to Support Financial Sector [Making Finance Work for Africa]

Morocco continues to lead Africa in the effort to improve access to financial services on the continent: The African Development Bank (AfDB) approved on October 1st a loan of €100 million to support phase III of a programme supporting the development of the Moroccan financial sector (PADESFI). The African Development Bank (AfDB) approved on October 1st a loan of €100 million to support phase III of a programme supporting the development of ...

Encouraging Private-Public-Partnerships for African Development

Africa50 Infrastructure Fund Sets its Mission     Jean R. AbiNader, MATIC September 5, 2014 Casablanca Finance City (CFC) took another step forward in its goal to be the financial services hub for business in West, Central, and Atlantic Africa when the African Development Bank (AfDB) opened its Africa50 Fund headquarters in the CFC this week. The purpose of the Fund is to build private-public partnerships (PPPs) to finance national and regional ...
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