First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) announced on Tuesday an additional €3.5 million loan to Land’Or Maroc Industries (LMI), a Moroccan subsidiary of Land’Or, a leading Tunisian producer of processed cheese. The new financing will enable LMI to purchase and install additional equipment and build a storage extension at its new cheese manufacturing […]
The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union, provides €25 million to Banque Marocaine pour le Commerce et l’Industrie (BMCI) to support Morocco’s green transition. The financing, of which a total of €23.75 million will be provided by the EBRD and €1.25 million by […]
The European Bank for Reconstruction (EBRD) has launched capital markets e-learning program to support the development of Morocco’s financial system. The program was launched in cooperation with Intuition, a digital financial learning provider, the Moroccan Ministry of Economy & Finance, the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock Exchange (CSE). Morocco already has […]
The European Bank for Reconstruction and Development expects Morocco’s economy to rebound by 5 per cent in 2021, before moderating to a growth of 3.2 pc in 2022. In its latest Regional Economic Prospects report released Thursday, the Bank says the success of Morocco’s vaccination campaign will lead to faster reopening of the economy, despite […]
The European Bank for Reconstruction and Development (EBRD) is committed to supporting the implementation of advanced regionalization, particularly in the Marrakech-Safi region, through major structuring projects, said new EBRD director in Morocco Antoine Sallé de Chou. The EBRD director’s remarks were made at a press briefing Wednesday following a meeting with the Wali of the […]
Moroccan Research Institute for Solar Energy & New Energies (IRESEN) has partnered with the European Bank for Reconstruction & Development (EBRD) to advance the Kingdom’s green transition. Under the agreement sealed Wednesday, the two parties pledged to strengthen their cooperation in the promotion of investments in green hydrogen, renewable energy, smart electricity networks, energy efficiency, […]
Bank of Africa of Moroccan BMCE Group has received a €25 million funding provided by the European Bank for Reconstruction and Development (EBRD), with the support of the Green Climate Fund (GCF) and the European Union (EU) to bolster Morocco’s green economy. The announcement was made Friday by the EBRD which contributed €18.75 million, while […]
The European Bank for Reconstruction and Development (EBRD) has appointed French national Antoine Sallé de Chou new Head for its office in Morocco. Based in Casablanca, Mr. Sallé de Chou replaces Marie-Alexandra Veilleux-Laborie. He will be responsible for the EBRD’s investments and operations in the country and report to Heike Harmgart, the Bank’s Managing Director […]
The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]
President of the European Bank for Reconstruction & Development (EBRD), Odile Renaud-Basso has voiced the Bank’s strong commitment to support Morocco’s economic recovery, regional integration, green economy, youth employment and gender equality. Mrs. Renaud-Basso made the remarks during her virtual talks Monday and Tuesday with Moroccan officials including ministers of economy Mohamed Benchaaboun and Foreign […]