First Independent Mena Newspaper
Moroccan Employers’ Association (CGEM) and the International Finance Corporation (IFC), a World Bank Group institution dedicated to the private sector, are pooling efforts to support innovative Moroccan startups selected as part of the #SolidariTECH initiative. This partnership aims to deploy the solutions proposed by these startups in neighboring countries such as Algeria and Tunisia and […]
Bank Al Maghrib, Morocco’s central Bank, and the International Finance Corporation (IFC) have agreed to bolster their cooperation to enhance women’s access to financing. Under the agreement inked on Monday in Rabat, Bank Al Maghrib will benefit from IFC’s expertise and its global networks to expand women’s access to funding and support women’s entrepreneurship. The […]
IFC, a member of the World Bank Group, is providing $24 million in financing, including a $12 million C loan for IFC’s own account and a mobilization of a $12 million B loan through IFC’s syndication program to Zalar Agri, one of Morocco’s leading fruit producers, as part of an effort to create jobs and […]
Morocco’s Casablanca-Settat region and the International Finance Corporation (IFC) inked on Thursday a $100 million financing agreement for the construction of two new tramway lines in Casablanca and other infrastructure projects. The funding deal was signed by Mustapha Bakkoury, President of the Regional Council of Casablanca-Settat region, Nabil Belabid, Director General of Casa Transports and […]
Morocco’s competition council and the World Bank’s International Finance Corporation agreed to cooperate to promote the competitiveness of the private sector. The partnership was sealed following an event themed “revitalizing the competition framework in an open Morocco,” held recently in Rabat. Under this agreement, the Moroccan council shall benefit from the technical expertise of IFC […]
The International Finance Corporation (IFC) announced it has signed last week a €14 million loan agreement with KMR Holding Pédagogique (KMR), a leading pan-african higher education provider, to expand medical training in Morocco and Senegal and increase the number of health professionals in the two countries. KMR will use the financing to set up Morocco’s […]
The Moroccan National Committee for the Business Environment (CNEA) has partnered with the International Finance Corporation (IFC) to improve the business climate in the North African country. Under the agreement signed Thursday by the two parties, IFC pledges to support CNEA in identifying the main barriers to the development of Morocco’s private sector. IFC, member […]
he International Finance Corporation has partnered with Cluster Solaire, an association of Moroccan sustainable energy actors for local industry development and start-up incubation, to support start-ups which design and market clean energy solutions. “Securing a greener future depends on pursuing an inclusive, economically, socially and environmentally beneficial energy transformation,” said Obaid Amrane, Permanent Secretary of […]
The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]