First Independent Mena Newspaper
Morocco launched a platform to assist SMEs willing to transform their industries to produce protective equipment to counter coronavirus. Industry and Trade Minister Moulay Hafid El Alamy shared on his twitter account a link to a website dedicated to small businesses that want to redirect their production to manufacture equipment and products that are […]
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, […]
In Nigeria, 340,000 Small and Medium-sized Enterprises (SMEs) have been connected to off-grid electricity scheme through the Energizing Economics Initiative (EEI), According to the News Agency of Nigeria (NAN), the EEI is a government initiative implemented by the Rural Electrification Agency (REA) to support the rapid deployment of off grid electricity solutions to SMEs. The […]
The African Enterprise Challenge Fund (AECF), an investment fund set up by the British government has announced a new investment of $20 million to support small and medium-sized enterprises (SMEs) and start-ups in five African countries. Ethiopia, Ghana, Nigeria, Senegal and Somalia are the selected countries for the React Household Solar Round 2 competition. AECF […]
In Mauritius, Small and Medium Enterprises (SMEs) need to develop energy efficiency systems to manage better their energy use, the minister of energy and public utilities Ivan Collendavelloo said. According to Collendavelloo, improving SMEs’ energy efficiency is a key way to increase their profitability and competitiveness. He stressed the need to implement modern energy production […]
The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]
The World Bank announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco, including new sources of financing for small and medium enterprises (SMEs). The loan also aims at improving the regulatory oversight of the banking sector and supporting the capital market development by broadening the range of instruments and strengthening […]
Hundreds of Moroccan and American business people are meeting in the Moroccan capital as of this Tuesday to participate in the Business Development Conference, established to foster economic exchanges between the two countries. This private sector complement to the third Morocco-US Strategic Dialogue, launched since 2012, will focus on renewable energy, manufacturing, automotive industry and […]
Moroccan authorities are eager to scale up economic exchanges to their full potential with Côte d’Ivoire even though trade between the two partners has more than doubled over a short period of time. For Mohammed Abbou, Morocco’s Minister of Foreign Trade, Cote d’Ivoire and Morocco can do much better even though trade between the two […]