Today: 1 June 2025
25 November 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’

Latest from Africa News

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to

Armed gangs kill dozens in Nigeria

A local state governor said “scores” of people had been killed in the attacks, which also saw homes and properties destroyed. Northeast Nigeria has been gripped by a deadly wave of violence

Children die as USAID aid cuts snap a lifeline

Trump administration cut more than 90% of USAID’s foreign aid contracts and $60 billion in overall assistance around the world. Programs serving children were hit hard Under the dappled light of a
Go toTop

Don't Miss

Tunisian President eyes early end of exceptional measures

Tunisian President Kais Saied has said he intended to speed

UAE Space Agency supports relief efforts in Morocco

This stems from the UAE Space Agency’s belief in the