The African Development Bank (AfDB) has approved a $116.4 million loan to promote sustainable development in Morocco's agricultural sector, with a particular focus on empowering women and young people. This was reported by Reuters citing an official AfDB statement.
🚜 Aims of the Funding
The funds will be used to modernize infrastructure, improve farmer training, enhance access to finance, and encourage the adoption of climate-resilient technologies. "Women who want to develop agriculture and start their own businesses in this field are a priority group for us," said Ashraf Tarsim, AfDB's country manager in Morocco.
Over the past 50 years, AfDB has invested nearly $17.46 billion in Morocco, supporting projects in transportation, energy, agriculture, water supply, and social protection, according to Zonebourse.
🌍 Additional Support in Africa
Recently, the Bank also approved $62.13 million in financing for Sudan to help rebuild essential social infrastructure. The funds are allocated for the restoration of healthcare facilities, schools, and water systems in El Gezira, Sennar, Nil, and White Nile states.
"This project is an important step toward restoring lives and livelihoods," commented Mary Monyau, AfDB's country manager in Sudan.
Sudan has been facing a severe humanitarian crisis since April 2023, when conflict erupted between the regular army and the RSF armed group. As of June 2025, over 4 million people have fled the country.
💡 Broader Impact
These latest initiatives demonstrate AfDB's ongoing commitment to strengthening socio-economic development and resilience throughout Africa, especially in times of crisis. By supporting sustainable agricultural practices and restoring essential infrastructure, the Bank aims to enhance food security and stability for millions of people on the continent.
Reported by Evgenia Mylnikova
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