• AIIB grants Morocco $200M loan for climate resilience
• Funds target water, environment, and climate-exposed sectors
• Morocco faces rising extreme weather, per IPCC, World Bank
The Asian Infrastructure Investment Bank (AIIB), a multilateral financial institution established by China in 2015, will provide Morocco with a $200 million loan to bolster the country's climate change resilience, the Chinese Embassy in Morocco announced on Tuesday, August 19, 2025.
According to the Moroccan media Lareleve.ma, the loan is expected to finance priority projects related to strengthening environmental and water infrastructure and improving the resilience of economic sectors most exposed to climate risks.
Morocco is a country with high climate vulnerability, according to a report published in September 2024 by the World Bank. Temperatures there have been increasing by an average of 0.2°C per decade since the 1960s, double the global average of +0.1°C, according to the Intergovernmental Panel on Climate Change (IPCC). As a result, the frequency and intensity of extreme weather events, such as heatwaves, floods, and droughts, are constantly increasing, with significant negative impacts on the economy and population.
The North African country joined the AIIB in 2019. The institution, which aims to finance infrastructure projects in its member countries, represents an attempt by Beijing and its allies to break the Western dominance over the governance of existing multilateral lenders. It currently has 110 regional and non-regional member countries, including 19 African nations.
Walid Kéfi
• AU launches campaign to replace distorted Mercator map projection• Equal Earth map promoted to sho...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
• Cameroon financier Alain Nkontchou to buy Nedbank 21.22 percent stake in Ecobank for 100 million U...
EU rolls out biometric Entry/Exit System in Oct 2025, replacing passport stamps. Visa-free Africa...
• Morocco’s unemployment rate hit 12.8% in Q2 2025, with 35.8% youth unemployment among 15-24 year-olds.• The government announced a sweeping reform...
• WIA Gold secures binding commitments to raise A$30M• Funds support Kokoseb drilling, scoping, and permitting• Kokoseb holds 2.93M oz gold; DFS expected...
While major corporations in the West are scaling back remote work, the practice is just beginning to gain momentum in Africa. On the continent, remote...
MTN Nigeria CEO Karl Toriola has been appointed Vice President, Francophone Africa for MTN Group, while continuing to serve as head of the company’s...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...