Tag: Casablanca-Settat Region
Europe Finance Headlines Morocco

Casablanca‑Settat becomes first Moroccan region to issue bond

North Africa PostComments Off on Casablanca‑Settat becomes first Moroccan region to issue bond

Morocco’s Casablanca‑Settat region has become the first regional authority in the country to tap the capital markets, issuing 1 billion dirhams (€92 million) local-currency bond with cornerstone support from the European Bank for Reconstruction and Development (EBRD). The EBRD said it invested MAD 400 million (€36.8 million) in the issuance, helping to ensure the bond’s […]
Finance Headlines Morocco

Casablanca-Settat Region Gets $100 Mln from IFC for New Tramway lines & Road projects

North Africa PostComments Off on Casablanca-Settat Region Gets $100 Mln from IFC for New Tramway lines & Road projects

Morocco’s Casablanca-Settat region and the International Finance Corporation (IFC) inked on Thursday a $100 million financing agreement for the construction of two new tramway lines in Casablanca and other infrastructure projects. The funding deal was signed by Mustapha Bakkoury, President of the Regional Council of Casablanca-Settat region, Nabil Belabid, Director General of Casa Transports and […]