First Independent Mena Newspaper
The European Bank for Reconstruction & Development has enhanced its presence in Morocco with the opening of a second office in the North African Kingdom. The Bank’s first office is based in Casablanca, Morocco’s economic capital, while its 2nd office was opened Wednesday in the Northern city of Tangier. It primary goal is to support […]
The European Bank for Reconstruction and Development (EBRD) and Proparco have contributed $58 million each for the construction and operation of two 50 MW solar photovoltaic power plants in Egypt. These plants are the first two projects to be financed under Egypt’s ambitious feed-in tariff scheme for renewable and will be part of the planned […]
The European Bank for Reconstruction and Development has lent Morocco €120 million to finance the Saïss Water Conservation Project that will help protect the country’s agricultural sector from the impact of climate change. The project, which includes the construction of irrigation infrastructure, is being supported by a co-financing grant of €32 million from the Green […]
Millions of commuters across Egypt will benefit from a €290 million financing provided by the EBRD to support the Egyptian National Railways (ENR) in its fleet expansion and upgrade of services. As part of ENR’s locomotive renewal program, the EBRD will finance the acquisition of up to 100 new diesel locomotives under a supply-and-maintenance contract […]
The EBRD has lent €186 million the Fayoum Water and Wastewater Company to enable improve living conditions of the local three million inhabitants through the development and expansion of wastewater services. The EBRD financing will be complemented by a loan of €172 million provided by the European Investment Bank, while the EU Neighborhood Investment Facility […]
The European Bank for Reconstruction & Development is providing a loan of up to US$ 2 million to the Microfund for Women (MFW) for on-lending to female entrepreneurs in Jordan. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Jordan, a country that is also particularly exposed to […]
The European Bank for Reconstruction and Development (EBRD) has trimmed its predictions for GDP growth in Morocco in 2017 from 4.8% to 4.2%. Growth is expected to accelerate in 2017 to 4.2 per cent, as agricultural output rebounds following strong rainfall, and non- agricultural growth remains subdued, said the EBRD in its Regional Economic Prospects […]
The European Bank for Reconstruction & Development has provided an Egyptian petrochemicals producer Carbon Holdings a $ 11 million loan to help this company reduce N2O emissions. As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the funds will be used to improve standards beyond the […]
Moroccan Saïss Water Conservation Project has gained support from the European Bank for Reconstruction & Development (EBRD) and the Green Climate Fund (GCF). EBRD and partners are extending US$ 207 million for irrigation infrastructure projects that will protect agricultural production from the impacts of climate change. According to Craig Davies, EBRD Head of Climate Resilience […]
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 […]