Here’s the $2 billion breakdown of how the Africa Development Bank aided North Africa in 2023 - News Summed Up

Here’s the $2 billion breakdown of how the Africa Development Bank aided North Africa in 2023


As seen on the Bank’s official website, the bank was able to launch key flagship programs to help with crisis management and aid shared growth. ADVERTISEMENTMauritania and Mali:The bank disbursed an estimated $273 million to help both countries jointly implement the 225 kV electrical interconnector project between them. Morocco:ADVERTISEMENTThe Bank disbursed about $800 million to Morocco for several projects, including the development of health infrastructure in rural areas, and funding of SMEs. Egypt:Egypt received just over $677 million, with $134 million of that money going to the support of the private sector in the country. Tunisia:Tunisia received about $178 million to fund projects such as the treatment of wastewater, the bolstering of the Agricultural sector, and the development of solar energy programs.


Source: The North Africa Journal January 11, 2024 07:31 UTC



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