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
-
Burkina Faso Pilots AI Traffic Camera System to Improve Road Safety
16:11
-
Kayelekera Uranium Mine in Malawi Idled by Fire, Output Target Unchanged
15:57
-
Gabon grants BW Energy 25-year extension for Dussafu license
15:35
-
Gabon Weighs New Agency to Combat Illicit Financial Flows
15:33
-
Orange Bets on Digital Training to Drive Trust-Led Growth in Africa
14:35
-
Morocco to Host First U.S. Drone Training Hub in Africa
14:28
-
Togo Reviews BOAD Projects as New Regional Program Is Launched
13:30
-
Togo to distribute solar kits to 100,500 households under CFA2.4 bln plan
13:24
-
Cameroon Targets 25,000 Tons of Fish Output by 2029 to Curb Import Dependence
12:51
-
Garoua Port Gets Management Overhaul, Authorities Target Informal Networks and Lost Revenue
12:28
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Burkina Faso pilots AI-based video system for traffic enforcement Cameras detect offences, issue fines via integrated digital...
Fire halts production at Malawi’s Kayelekera uranium mine Damage to electrical panels, three-week shutdown for repairs Operator still targets...
BW Energy secures 25-year extension for Gabon’s Dussafu field License now runs to 2053, covering ongoing and future projects Extension...
Morocco, Egypt sign agreements to deepen bilateral cooperation Deals cover investment, energy, health, tourism, customs cooperation Move...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...