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Keywords: EBRD


€20 million EU-backed loan boosts young entrepreneurs in Morocco’s earthquake-hit regions  

The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU), has announced a €20 million loan to support young entrepreneurs in Morocco. The funding, provided in local currency, will primarily target micro, small, and medium-sized enterprises (MSMEs)......

Morocco secures €530 million in landmark EBRD funding for 2024

In 2024, Morocco achieved a milestone by receiving €530 million in funding from the European Bank for Reconstruction and Development (EBRD) for 12 strategic projects. A significant 59% of this funding was directed toward initiatives promoting a green economy. Among these projects, the EBRD provided......

Marsa Maroc Secures €65 Million to Modernize Key Port Terminals

Marsa Maroc, the Moroccan port operator, has secured €65 million in financing from the European Bank for Reconstruction and Development (EBRD) to modernize key port terminals in Morocco. This strategic partnership underscores Marsa Maroc's commitment to enhancing the country’s port infrastructure,......

Morocco's Q3 2024 Economic Pulse: Industrial Boom Offsets Agricultural Decline

Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......

EBRD's $40 Million Boost: Catalyzing Growth for North African Enterprises

In a significant move to bolster economic development across North Africa, the European Bank for Reconstruction and Development (EBRD) has announced a substantial $40 million investment in the newly established SPE REF III fund. This strategic financial injection, revealed on Thursday, underscores the......

Morocco's Economic Resurgence: Steady Growth Amid Adversity

Morocco's economy has showcased remarkable resilience, defying daunting challenges and steering towards sustained prosperity. The European Bank for Reconstruction and Development (EBRD) has expressed confidence, projecting a robust annual growth rate of 3% for the North African nation in 2024. This......

SDX Energy Secures Substantial Cash Infusion, Fueling Moroccan Ambitions

SDX Energy, a London-based energy firm, has taken a significant step towards strengthening its presence in Morocco with the receipt of a substantial cash infusion from the sale of its Egyptian assets. An initial $3.5 million from the sale of its West Gharib assets in Egypt has provided a financial boost,......

EBRD Unveils Strategy for Morocco's Inclusive and Sustainable Economic Growth

The European Bank for Reconstruction and Development (EBRD) has revealed an ambitious five-year strategy aimed at steering Morocco towards an inclusive, sustainable, and private sector-led economy. Covering the period from 2024 to 2029, this strategic roadmap signifies a significant moment in the EBRD's......

Enhancing Morocco's Water Sector with a €400 Million Investment

Morocco, facing its most severe drought in decades, is set to receive a substantial financial boost from the European Bank for Reconstruction and Development (EBRD). This article discusses the implications of the EBRD's €400 million investment in upgrading Morocco's water infrastructure......