African Development Bank

Business

World Bank backs Morocco hydropower storage with $265m

RABAT, MOROCCO / MENA Newswire / - 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...

July 3, 2026

Business

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

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...

December 25, 2025