Morocco: BMCI to support EX-IM firms with a $67.3 mln EBRD loan
Wednesday, 10 July 2019 17:08
Morocco’s trade and industry bank (Banque marocaine pour le commerce et l'industrie) BMCI has requested a €60 million ($67.3 million) line of financing from the European Bank for Reconstruction and Development (EBRD) to support export-import companies in the country.
Funds will be granted through the Trade Facilitation Program, set up by the EBRD 20 years ago, which eases and promotes international trade to and from EBRD countries of operations.
As a reminder the local subsidiary of the French BNP Paribas group recently benefited from a program that supports ecological projects and women-led initiatives in the country.
According to statistics on foreign trade issued at the end of March 2019 by the Moroccan Exchange Office, exports by Moroccan firms increased by MAD2.9 billion while imports increased by MAD1.8 billion.
Chamberline Moko
Live News
-
Harvest Asset Management exceeds CFA500bn in AUM by end-2025
13:00
-
Cameroon plans CFA320bn in BEAC debt issuance in Q1 2026
12:56
-
Triple Jump funds Advans Cameroun with CFA840mln for SME growth
12:54
-
Cameroon seeks partners to revive Akonolinga rutile project after Eramet exit
12:49
-
Kozah 2 Allocates Nearly 30% Of 2026 Budget To Communal Investments
12:40
-
DRC’s Gécamines to sell copper from CMOC’s Tenke Fungurume mine
12:38
-
New Risk Management Association, AMRAT, Established in Togo
12:33
-
Nigeria: Champion Breweries Seeks $41 Million to Fund African Expansion
12:32
-
Oman Air to Launch First Direct Flight to Sub-Saharan Africa With Kigali Route
12:30
-
Togo Reviews Emergency Water Supply Projects in the North
12:22
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Gécamines will market copper tied to its 20% stake in Tenke Fungurume About 100,000 tons are planned for sale in 2026, mainly to the U.S....
Champion Breweries plans to raise 57.9 billion nairas ($40.7 million) to acquire the Bullet ready-to-drink and energy drink brand from Sun Mark...
Oman Air plans to launch its first direct sub-Saharan Africa route with flights from Muscat to Kigali starting in June 2026, subject to regulatory...
Haranga Resources completed more than 5,000 meters of drilling on its Senegal gold project in 2025 and plans further exploration in 2026. The...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...