Tag: Banque Centrale Populaire (BCP)
Europe Finance Headlines International Morocco

EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness

North Africa PostComments Off on EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness

The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An agreement was signed Wednesday in Casablanca with Morocco’s Banque Centrale Populaire (BCP) to enable SMEs to get funding to modernize their operations, reduce CO2 emissions, expand working site, and increase […]
Africa Finance Headlines International Maghreb Morocco

Morocco’s Banks Invested over $1.8 Bln in African Countries

North Africa PostComments Off on Morocco’s Banks Invested over $1.8 Bln in African Countries

Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]