Bank of Africa – BMCE Group secures US$29.3m from EBRD to support Morocco’s green transition

MOROCCO – The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union (EU), is providing a financial package of up to €25 million (US$29.30m) to Bank of Africa – BMCE Group to support Morocco’s green transition. The financing, of which a total of €18.75 million (US$21.98m) will be provided by the EBRD and €6.25 million (US$7.33m) by the GCF, will be extended as subloans by Bank of Africa and its leasing subsidiary Maghrebail to local citizens, small and medium-sized enterprises (SMEs)…

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Bank of Africa signs MoU for building trading and logistics park in Morocco

MOROCCO – Bank of Africa has signed a Memorandum of Understanding (MoU) with Zhejiang China Commodity City Group (CCC Group) to boost their trading partnership. The purpose of the agreement is to enable the two institutions to work together to build a trading and logistics park in Morocco. The agreement is also part of the determination of Morocco and China to advance their relations at all levels, including economic partnerships. “Through this agreement, Bank of Africa strengthens its power in the financial market in China and becomes the main financial…

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