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

November 25, 2021

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

More Killings in Gaza

Israel’s state-owned Kan TV News reported that Israel will stop the airdrop operation of humanitarian aid over Gaza City in the coming

Kenya Blaze Bill Burns British Army

The £2.9 million settlement follows a lawsuit over a devastating wildfire started accidentally by British soldiers during training exercises in 2021 Britain’s

Ban Coal Exports to Israel

More than 100 pro-Palestine activists launched protests on Thursday in three major South African cities, calling on the government to ban coal

Don't Miss