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
-
Kenya Turns to National Funds to Restart Infrastructure Spending
04:28
-
Carrefour Targets Ghana With Franchise-Led Retail Expansion
04:17
-
Anglo American Exit Cuts South Africa’s FDI Outflows to $1.2 Billion
04:12
-
Cameroon suspends forced recovery on MTN Mobile Money funds at Afriland
03:37
-
CEMAC banks invested nearly 49% of liquidity in government debt in 2024
19:40
-
Togo Plans Cash Transfer Program for 700,000+ Vulnerable People
18:41
-
Cameroon targets 7mln tons a year with gradual restart of Sonara refinery
18:35
-
ECOWAS Plans 1,000-Strong Standby Force by 2026 to Counter Instability
18:29
-
Togo Bank Lending Rises 22% Y/Y Through September
18:15
-
Madagascar Launches Drafting of National Cybersecurity Strategy
18:05
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...
Kenya approved two national infrastructure funds targeting KSh5 trillion ($38.7 billion) The government seeks to mobilise private capital and reduce...
Carrefour to enter Ghana retail market in 2026 via franchise Shoprite Ghana stores to be rebranded Carrefour from April 2026 Plan includes opening...
(HUAWEI) - Huawei Northern Africa concludes today the Huawei Northern Africa Inclusive Energy Summit 2025 at the Four Seasons Hotel in...
Malawi plans state takeover of majority fuel imports to curb shortages NOCMA to import about 60% of fuel in 2026-27 Private importers remain active...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...