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
-
As Global Fund Faces a Major Shortfall, Future Programs Hang in the Balance
18:16
-
Nigeria’s exports to Africa up 14% in H1 2025
18:13
-
How Côte d’Ivoire’s Oldest Mine Became Endeavour Mining’s Top Gold Producer
17:59
-
South Africa’s Transnet Hits Milestone as 200th Locomotive Rolls Off Durban Assembly Line
06:02
-
Togo: Government Adopts 2026 Draft Finance Bil
16:36
-
Congo: Kokamba Platform Eases Corporate Management
16:26
-
Somalia Enforces Mandatory Electronic Tracking for All Port Cargo
16:04
-
Tanzania’s LimaBot Uses AI to Cut Crop Losses
15:46
-
Togo and Benin Set 30% Agricultural Trade Growth Target Under PRIMA
15:08
-
Tradex to Invest CFA10 Billion in Equatorial Guinea Network in 2026
14:38
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
Carlyle is assessing whether it can buy Lukoil’s foreign assets worth about $22 billion. The...
Niger installs 1,031 km of fiber across five national corridors Project aims to connect with Beni...
The Global Fund has raised $11.3 billion toward its $18 billion goal to fight AIDS, tuberculosis, and malaria. The funding gap now puts key...
Nigeria’s exports to Africa reached 4.82 trillion naira, up 14% year on year West Africa absorbed over 62% of Nigeria’s continental exports Government...
Ity is Côte d’Ivoire’s oldest and currently its biggest producing gold mine. Since Endeavour Mining acquired it in 2015, output has more than quadrupled....
Transnet unveils 200th Traxx 23E locomotive in freight fleet renewal 240-unit order with Alstom aims to modernize rail and boost capacity Project...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...