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
-
Cameroon Deploys 27 Trainees in Pilot Programme to Cut Plantain Post-Harvest Losses
15:54
-
Zazu, Visa roll out digital business accounts for Moroccan SMEs
14:54
-
Cameroon approves diaspora-led CFA500bn Resort City project in Limbe
14:21
-
Togo fisheries output seen at 33,977 tons in 2026, down 6%
09:02
-
DR Congo lobbies Togo to back its candidate in OIF leadership race
08:49
-
Cocoa regains edge over robusta in Cameroon, still far below government targets
05:06
-
Cameroon’s trade deficit widens 23% in 2025 despite import substitution push
05:04
-
Togo medical council lists 940 registered doctors, up from 631 in 2024
04:01
-
Togo business registrations rebound after two years of decline
20:30
-
Morocco Targets $297 Million Gaming Market with Huawei Partnership
18:42
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,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Africa counts more than 1,000 tech hubs in 2024, up from fewer than 600 in 2019 Leading ecosystems in Kenya, Nigeria and Rwanda attract capital and...
Meridian Port Services receives 16 electric RTG cranes for Tema Port expansion; $1.5 billion upgrade aims to raise capacity to 3 million TEUs...
150 Liberian content creators to attend monetization training on May 6–7, 2026, at the Bella Casa Hotel in Monrovia. Platforms involved: Meta...
WAF payments to the state rise to $398 million in 2025, more than double year-on-year Revenue climbs to $1.5 billion, driven by higher...
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...