First Independent Mena Newspaper
The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]
The European Investment Bank has released a first tranche of €100 million out of a total emergency funding of €200 million destined to support Morocco’s efforts against the COVID-19 virus crisis. This is the first EIB financing in the EU’s Mediterranean neighborhood to help national authorities fight the pandemic, the bank said in a press […]
The European Investment Bank (EIB) will grant Al Amana Microfinance NGO a €3 million loan destined to support the development of Moroccan micro-enterprises and very small enterprises (VSEs), with a special focus on supporting women entrepreneurs. The agreement between the two sides seeks to facilitate access of micro-enterprises and VSEs to finance, the EIB explained […]
The European Investment Bank Group (EIB) announced a financial support for the private sector in Morocco worth €440 million, notably through its credit lines with Moroccan financial institutions. The loan is intended to assist Morocco in addressing the impact of COVID-19 on the economy. “These credit lines dedicated to financing the private sector would be […]
The Islamic Development Bank (IsDB) and the European Investment Bank pledged to commit $1b each in co-financing green projects, during the 2019 Sukuk Summit, hosted in Luxembourg. Together with the European Investment Bank (EIB), IsDB signed a Memorandum of Understanding (MOU) to strengthen cooperation and committed $1 billion each in co-financing green projects through to […]
The European bank for reconstruction and development (EBRD) has awarded trophies to 16 Moroccan projects, which made energy savings of 82 GWh/year and reduced greenhouse gas emissions by 23,700 tons of CO2, equivalent to more than 1 million trees planted. The awarded energy efficiency and renewable energy projects were carried out under the Morocco Sustainable […]
The European Investment Bank (EIB) and the Moroccan Motorway Company, la Société Nationale des Autoroutes du Maroc (ADM), signed Monday in Rabat an €80 million financing agreement meant to upgrade highway infrastructure in an around Casablanca. The amount will finance the tripling of the Casablanca-Berrechid highway lanes on 25.8 km and the construction of a […]
The European Investment Bank (EIB), the World Bank and the European Union (EU) will support a renewable energy program worth about €142 million in Gambia. The program will ensure that 1,100 rural schools and health centres will benefit from an energy supply using solar and battery technology. The European Union will provide €106 million. This […]
The Euromed University of Fez has received over €13 million, donated by the European Union via the European Investment Bank (EIB) for the construction and equipment of its eco-friendly campus. This world-class campus, to be built over 26 ha area, will be able to accommodate about 7,000 students and 650 staff members of diverse nationalities […]
The European Investment Bank has granted a loan of €70 million to the Fez-based Euromed University for the construction and the equipment of a campus. An agreement was signed by officials from the Bank and the University last week to bolster the finances of the Euro-Mediterranean Institute, whose honorary Chairman is King Mohammed VI. Over […]