First Independent Mena Newspaper
In Mauritania, Proparco, a Development Financial Institution partly owned by the French Development Agency, has signed an agreement with Attijari Bank Mauritania, the local subsidiary of the Moroccan financial group Attijariwafa Bank, to guarantee up to €5.5 million ($6.1 million) loans to approximately 140 Mauritanian small and medium-sized enterprises (SMEs). According to the MoU signed […]
The Central People’s Bank of Morocco (BCP) has secured funds from Proparco and the African Development Bank, destined to upgrade its business financing in West Africa, mainly in Côte d’Ivoire, Guinea, Mali and Senegal, where the bank is operating through its subsidiary Banque Atlantique. BCP has thus signed Thursday in Casablanca a funding agreement with […]
The European Bank for Reconstruction and Development (EBRD) and Proparco have contributed $58 million each for the construction and operation of two 50 MW solar photovoltaic power plants in Egypt. These plants are the first two projects to be financed under Egypt’s ambitious feed-in tariff scheme for renewable and will be part of the planned […]
IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD), are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in Morocco. This is the first green bond issuance in foreign currency […]
Jordan is planning to build three solar power plants expected to produce 40 MW of much-needed generating capacity from a clean, reliable domestic resource. These projects will enable the country to reduce its dependence on hydrocarbons. Jordan imports over 97 per cent of the energy it consumes, relying disproportionately on natural gas from Egypt and […]