First Independent Mena Newspaper
The European Investment Bank (EIB) and the Office National des Chemins de Fer (ONCF) have signed on Wednesday a €200 million (2.1 billion dirhams) financing contract, which represents 80% of a total sum of €250 million earmarked by the European financial institution to support ONCF’s investment plan. The ONCF’s investment plan aims to renew the […]
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 […]
The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]
The European Investment Bank (EIB), a financial arm of the European Union (EU), announced Thursday it provides €60 billion ($62.58 billion) for economic development in Gaza. The financing program was unveiled by EIB Vice President Gelsomina Vigliotti and EU representative Sven Kuhn von Burgsdorff during a visit to Gaza, the EIB said in a press […]
The European Investment Bank and the European Union support Morocco’s rural schooling program with € 125.8 million funding to serve for the building of 150 community schools. The EIB has agreed to provide Morocco a € 102.5 million loan for this project, while the EU pledged to inject € 23.3 million under the Neighborhood Investment […]
The European Investment Bank (EIB) has lent Morocco’s National Electricity and Drinking Water Company (ONEE) €37.5 million to rehabilitate and improve water supply and distribution infrastructures in the country. An agreement was signed Friday by the two sides. The EIB funding will help the North African Kingdom to cut greenhouse gas emissions by reducing water […]
The European Investment Bank (EIB) has provided Moroccan CIH Bank with a €60 million funding destined to support SMEs affected by the global health crisis generated by Covid-19 pandemic. The two financial institutions signed on Wednesday an agreement to support Moroccan companies to stimulate the economic recovery from the impact of the pandemic. The EIB […]
The European investment bank provided Morocco last year with €617 million to support the Kingdom’s response efforts to covid-19, the private sector, SMEs and agricultural sector companies. The European bank has doubled in 2020 its funding to Morocco compared to 2019, said the bank in a press release, noting that it took wide-ranging action under […]
The European Investment Bank (EIB) will support income-generating microcredit activities in Morocco with a €10 million loan. The loan to be extended to the financing company of microfinance organizations “Jaida” will strengthen the company’s capacity to finance microfinance institutions in Morocco and support its action meant to promote financial inclusion and social development, said a […]
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]