October 16, 2026
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Tag : African Development Bank

Business

World Bank backs Morocco hydropower storage with $265m

omandailynews.com
The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs a major storage project designed to help Morocco add more renewable power...
Business

OPEC Fund commits $2bn to boost Africa’s development

omandailynews.com
VIENNA, December 25, 2025: The OPEC Fund for International Development announced a new co-financing commitment of up to US$2 billion with the African Development Fund (ADF) for the period 2026 to 2030, reaffirming its ongoing financial support for Africa’s economic and social development....