The Director General of Morocco’s National Office for Electricity and Drinkable Water (ONEE), Tarik Hamane, and the African Development Bank (AfDB) Vice President for Regional Development, Integration and Business Delivery signed a €104.7 million financing agreement in Rabat.
Signed on the sidelines of the Africa Investment Forum (AIF) in the presence of the Minister of Economy and Finance, Nadia Fettah, and AfDB President Akinwumi Adesina, the agreement is aimed at digitizing ONEE’s processes, boosting drinking water production in several urban areas (Asfalou, Bouhouda and Agourai) and improving the performance of drinking water supply systems in several regions of the Kingdom, according to a ONEE statement.
This financing marks a major turning point, being the first support from the AfDB to ONEE to undertake innovative operations in digitalizing the Office’s water activity, notes the statement.
Cooperation between ONEE and the AfDB in drinking water and sanitation sectors dates back to 1978, with an overall financial contribution from the bank of 9 billion dirhams. This loan confirms the confidence of international lenders in ONEE’s ability to implement its strategy and carry out innovative projects.
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