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
-
BRVM: US-Israel strikes on Iran spark rally in West African energy stocks
12:02
-
Canadian Miner Newcore Raises $7.5M to Advance Ghana Gold Project Toward Pre-Feasibility Study
11:18
-
Algeria’s Djezzy expands 5G coverage to 18 provinces
10:42
-
Nigeria: Abuja Utility in Talks to Secure Power From NNPC’s 350-MW Plant
10:28
-
Import Substitution: Local Initiative Urges Artisan Bakeries to Prioritise Homegrown Flour, Slash Wheat Import Bill
08:43
-
Cameroon Approves Kribi Canoe Project Under Import-Substitution Plan
08:11
-
Kribi KPIZ Seen Lifting Cameroon’s Growth by 5-8 Points, Adding 150,000 Jobs
08:08
-
Finance Ministry Launches Budget Training Centre to Strengthen Fiscal Governance
07:23
-
Guinean Start-Up Fifoow Targets Informal Trade With Digital Marketplace
18:08
-
Ghana Finalizes AI Roadmap With Focus on Data and Skills
17:56
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Newcore Gold raises C$10.3 million via warrant exercises Funds to advance Enchi project pre-feasibility study Enchi hosts 1.7 million ounces in...
Djezzy expands 5G coverage to 18 Algerian provinces Operator says 5G offers speeds ten times faster than 4G Rollout targets rising demand for...
AEDC in talks to buy power from 350-MW NNPC plant Deal aims to boost electricity supply in Abuja area National output falls to 4,300 MW amid gas...
Lumitel signs $10 million deal to expand rural broadband World Bank, Lumitel fund 2G, 4G rollout in 86 hills Project targets 400,000...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...