First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) supports Morocco’s automotive industry with a €15 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The EBRD’s financing will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant […]
The European Bank for Reconstruction & Development (EBRD) has approved a €20 million loan to Moroccan Bank “Crédit du Maroc” to boost green investment of SMEs and contribute to the development of value chains in the North African Kingdom. The EBRD funds will be extended as sub-loans to local SMEs that plan to invest […]
EBRD signs a €2 million loan with Advans Tunisie, equivalent to 6.5 million Tunisian dinars. The funds to boost Technical assistance will help strengthen credit and operational risk management. The EBRD is helping to increase the availability of funds for small firms in Tunisia through a local currency loan equivalent to €2 million to Advans […]
The EBRD is strengthening the competitiveness of small firms in Tunisia by increasing the availability of funds, with a €5 million loan to Compagnie Internationale de Leasing (CIL). Access to finance and liquidity constrain the growth of many private businesses in the country. Micro, small and medium-sized enterprises are the core of the Tunisian economy, […]
The European Bank for Reconstruction and Development (EBRD) will support the Egyptian Electricity Transmission Company (EETC) with $183 million to finance the modernization of the electricity grid by injecting renewable energy and strengthen the transmission network in the country. The EBRD funds will facilitate the integration of 1.3 GW of new renewable energy into the […]
The European Bank for Reconstruction and Development will open next Monday an office in Agadir, said on Thursday the Bank’s Vice-Pdt Alain Pilloux, who is currently on a working visit to Morocco. “I will inaugurate a new EBRD office in Agadir Dec.02, after having opened recently another one in Tangier”, said Mr. Alain Pilloux at […]
Morocco’s Central Bank, Bank Al-Maghrib, and the European Bank for Reconstruction and Development organized on Wednesday in Rabat a workshop on London Inter-bank Offered Rate (LIBOR) reform and the new money market benchmark in the North African country. Participants in the workshop discussed the implications of changes in the benchmark indexes used on the international […]
The European Bank for Reconstruction and Development (EBRD) is working on strengthening the small-business support for the fishing industry in Agadir region, famous for its fishing sector. With nearly 2.7 million people and its contribution of 7.7 pc to the country’s GDP, the region is of great strategic importance to Morocco. It is part of […]
The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems. The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs Under the Bank’s Blue […]
The European Bank for reconstruction and development (EBRD) has agreed to provide a €24 million loan to Tunisie Leasing and Factoring, the country’s largest leasing company. The loan will allow the Tunisian company to continue growing its network across the country and reaching SMEs in regions less well-covered by competitors. Supporting access to finance for […]