First Independent Mena Newspaper
The French Development Agency (AFD) has lent lately Morocco €100 million to enhance the performance of local councils, boost local socioeconomic development and improve community public service. The agency’s funding comes after the World Bank financial contribution of €272 million provided last year to strengthen the capacities of Morocco’s municipalities, an objective that is part […]
The 14th France-Morocco high level meeting held in Paris Thursday was marked by the signing of a dozen agreements intended to give a new dynamic to the partnership between the two countries. The agreements, signed at a ceremony chaired by French Prime Minister, Edouard Philippe, and the Head of the Moroccan Government, Saâd Eddine El […]
The French Development Agency (AFD) will extend the Moroccan Electricity and Drinking Water facility (ONEE) a €50 million loan to help it implement a program on the improvement of the performance and resilience of drinking water services in Morocco’s Northern provinces. Under the loan agreement, signed last week in Rabat, the ONEE will enlarge access […]
The Central People’s Bank of Morocco (BCP) has secured funds from Proparco and the African Development Bank, destined to upgrade its business financing in West Africa, mainly in Côte d’Ivoire, Guinea, Mali and Senegal, where the bank is operating through its subsidiary Banque Atlantique. BCP has thus signed Thursday in Casablanca a funding agreement with […]
IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD), are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in Morocco. This is the first green bond issuance in foreign currency […]
Morocco, host country of COP22 in Marrakech November 7-18 and gate for investments in Africa, is busy working to encourage international financial institutions to support green banking markets in African continent. BMCE Bank of Africa has teamed with the European Bank for Reconstruction and Development (EBRD) and organized on Wednesday a conference in Casablanca to […]
Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]
French Prime Minister Jean-Marc Ayrault started Wednesday a two day visit to Morocco, his first to a Maghreban country, to seal the special and unique partnership existing between the two nations. In this time of crisis, the French official pleaded from the start for the revival of his country’s economic relations with Morocco, where President […]