Selloua-Chakri -SCL Advisory

Morocco’s BCP Bank gets $100 Mln loan from EBRD to mitigate COVID-19 impact

The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]

Morocco mulls military industry zones

The Moroccan government is considering the creation of defense industry zones as the country seeks to reduce its dependence on imports and create local military industry clusters. The statement was made by minister delegate in charge of national defense Abdellatif Loudiyi who told members of Parliament that the government was considering creating military industry zones […]

Morocco imports Brazilian beef cattle to reduce meat prices at home

Morocco is importing Brazilian beef cattle in a bid to protect its own livestock hit by consecutive droughts and reduce meat prices at home amid soaring inflation. Morocco has already received thousands of cattle from Brazil as part of a plan to buy 20,000 beef cattle over the next six months, including 3000 from Spain […]