Today: 19 April 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

UK-Kenya defence partnership deepened

Defence Secretary met with Agnes Wanjiru’s family to offer condolences, fulfilling his commitment and making him the first UK Minister to meet with them In a historic and emotionally charged visit to

South Africa hosts virtual meeting of G20 Sherpas

During the meeting, Zane Dangor spoke about the importance of continuing to work with multilateral institutions, including the United Nations, to address global challenges South Africa hosted the second virtual meeting of

WFP warns as Sudan war enters third year

The civil war began on April 15, 2023, amid a power struggle between the Sudanese army and the leader of a powerful rival militia called the Rapid Support Forces The conflict, which
Go toTop

Don't Miss

Jordan decides to ease entry for several nationalities

Jordan has decided to ease entry of nationals of several

South Africa’s flood death toll revised from 448 to 435

South Africa’s KwaZulu-Natal floods death toll has been revised down