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Keywords: Financing


OCP and SACE forge €365 million green financing partnership

OCP Group has officially announced a groundbreaking €365 million financing agreement with Italy’s export credit agency, SACE. This notable arrangement marks the first of its kind under OCP’s Green Finance Framework and represents a pioneering collaboration guaranteed by SACE’s......

ONEE secures €300 million from European partners for grid expansion

Morocco’s National Office of Electricity and Drinking Water (ONEE) has announced a significant €300 million financing package aimed at modernizing and extending the national electricity transport network. This funding, provided by the European Investment Bank (EIB), the German Development......

Moroccan banks poised for growth amid strengthened financial foundations

Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......

AFD and OCP forge €350 million partnership for green investment in Morocco

In a significant move towards sustainable development, the France Development Agency (AFD) and Morocco’s leading fertilizer producer, OCP, have solidified their collaboration by signing a €350 million financing agreement aimed at bolstering OCP’s ambitious green investment program. This......

EBRD and partners extend €65 million green financing to BMCI

BMCI is set to become the first bank in Morocco to receive a comprehensive €65 million Green Economy Financing Facility (GEFF) Plus package, marking the EBRD’s fifth partnership with the institution since Morocco became an investee economy in 2012. The European Bank for Reconstruction and......

Spain’s Vox party faces hefty fine for illegal financing

Spain's Court of Auditors has imposed a substantial fine exceeding €860,000 on the far-right Vox party for accepting anonymous cash donations. This decision, announced on Wednesday, stems from a thorough review of the party's annual accounts covering the years 2018, 2019, and 2020. The court......

Bank of Africa launches 'Les Escales de l’Immobilier' event series

In a bold move to enhance client engagement in the real estate sector, Bank of Africa has announced the launch of its new event series, "Les Escales de l’Immobilier." Following the success of its previous edition in Fès, this national tour will make stops in Nador, Oujda, Marrakech,......

Tamwilcom Achieves $4.75 Billion in Financing for 2024

Tamwilcom, Morocco’s state-owned financial institution, has reported impressive financial results for 2024, mobilizing a total of MAD 47.5 billion (approximately $4.75 billion) across 82,200 operations. This achievement includes commitments amounting to MAD 28 billion ($2.8 billion). In a notable......

France seeks seven-year sentence for Sarkozy in Libya funding case

French prosecutors have called for a seven-year prison sentence for former President Nicolas Sarkozy in a trial concerning alleged illegal campaign financing linked to the late Libyan leader Muammar Gaddafi. Sarkozy, who served as finance minister before becoming president, is accused of striking a......