In 2023, North Africa received $2 billion from the African Development Bank to finance a series of key operations in a range of strategic sectors, including developing renewable energy and transmission infrastructure and boosting climate resilience. The power line will contribute to the expansion of solar energy and universal access to electricity in both countries. Mauritania-Mali interconnection power project for energy accessFunding for SMEs and climate resilienceThe AfDB has also approved almost $800m for projects in Morocco during 2023. North Africa to see an increase in economic growth with investment aidThe Bank’s total approvals reached nearly $178m in Tunisia. This project will help to improve the water balance and strengthen resilience to climate change.
