Waste Management Morocco IFC . benefits from significant support from

According to a press release from Averda, Morocco, Oman and South Africa will benefit from the support of the International Finance Corporation (IFC) for Waste Management.

United Arab Emirates (UAE)-based waste management company Everda recently announced in a statement that it has secured $30 million in investment funds from the International Financial Cooperation (IFC) to develop in Morocco, Oman and South Africa, So that he can carry forward his development plans. After Effects of Dame Covid. By adding a bit of green to it, it is said that this agreement should also contribute to the fight against climate change.

According to Averda’s press release, the deal is IFC’s first investment in private sector waste management. In Morocco, Averda-Maroc is to Casablanca in addition to the collection apparently to ruin the Averda management … in the economic capital of the state and until Nabila Rmili intervenes for a society on the edge of bankruptcy. The mayor who had decided to leave the appointment of ministers (in this case health to his municipal mandate) prevented the company from sinking by regularizing the status of arrears in his city. In fact, this company, which provided part of the delegated management of waste collection, was not paid by the municipality until the new mayor came in. This was because it caused the city its fifteenth crisis in the management of domestic waste.

But since then a lot of water has flowed under the bridge. However, speaking in the context of the signing ceremony of the agreement with IFC, Malek Sukkar, CEO of Averda, stated that the IFC loan will accelerate “Importantly” Averda’s “Sustainable Projects in Oman, Morocco and South Africa”Funds for the environmental impact of the project, Sukkar said.Will enable Averda to reduce waste sent to landfills, while increasing the amount that is composted, recycled and converted to energyThe CEO said that the project aims to bring the company closer to its main objective, namely: participating in the circular economy that recycles 100% of its waste.

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Averda has a pool of more than 60,000 private and public sector customers, managing the waste of approximately 12 million people in eight countries across the Middle East, Africa and South Asia. The company currently employs more than 14,000 people worldwide, helping to provide secure employment for the communities it serves. The protection of the environment and human health is the company’s top priority, and it operates in full compliance with international quality control standards, where it currently operates in the United Arab Emirates, Saudi Arabia, Oman, Qatar, Morocco, South Africa, Republic of the Congo it occurs. and India.

The International Finance Corporation (IFC) or IFC is the leading private sector-focused development organization in emerging countries. Within the World Bank Group, the mission of the IFC is to promote economic growth and improve the living conditions of the population by promoting private sector development in developing countries. Coming back to waste management, Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, announced on 27 December that the government has allocated an investment budget of up to 21 billion MAD (2.26 billion) for the National Domestic Waste Program (PNDM) . by the end of 2021.

Benali then spoke in response during a weekly session in the House of Representatives during a short game of oral questions to which it might relate. He said the ministry has contributed $3 billion ($324.11 million) in PNDM investment to strengthen waste management and treatment at par with international standards.

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