Development Finance
7 articles
Opec Fund allocates $200 million to Morocco and Oman infrastructure projects
The Opec Fund for International Development has approved $645 million for infrastructure and economic reform, with Morocco and Oman together receiving $200 million. Morocco will use its $150 million share to build a major dam aimed at improving water security.
Morocco at a turning point: World Bank flags AI risks and opportunities
The World Bank's 2026 report singles out Morocco as both a model and a warning for AI in developing economies, highlighting the stakes for jobs, productivity and national strategy as global tech giants outspend entire countries.
Egypt pursues AIIB funding for climate resilient infrastructure projects
Egypt is intensifying talks with the Asian Infrastructure Investment Bank to secure financing for sustainable and climate resilient infrastructure, aiming to leverage its geographic position to connect Asian capital with African development priorities.
Mauritania Targets 10,000 New Agricultural Jobs with Al-Rakba Project
Mauritania's government is moving to launch the Al-Rakba agricultural project in Brakna, aiming to create 10,000 jobs for youth and women across five wilayas. The initiative is backed by over 6 billion MRO in joint funding with the Islamic Development Bank.
Mauritania and Italy Advance Agricultural Project in Brakna Region
Mauritania's Ministry of Agriculture is preparing a joint project with Italy to develop up to 20,000 hectares in Brakna, aiming to boost wheat and vegetable production and strengthen food security through new irrigation infrastructure.
Egypt launches $100m fund for water and dam projects in Nile Basin
Egypt has established a $100m fund to support water infrastructure and dam projects in southern Nile Basin countries, aiming to strengthen regional cooperation and address water security challenges in line with African Union development goals.
Germany Commits €35 Million to Mauritania for Skills and Coastal Protection
Mauritania and Germany have signed a €35 million financial cooperation agreement to support technical and vocational training, protect coastal biodiversity, and strengthen the blue economy, reflecting deepening bilateral ties and regional development priorities.