1. Morocco Officially Enters the Capital of BDEAC: "Morocco in the round table of the Development Bank of Central African States (BDEAC). An agreement to acquire a stake in the Kingdom in BDEAC capital was ratified in Rabat on Wednesday by Mohamed Boussaid, the Minister of Economy and Finance, and Zonguere Sokambi Armand Guy, the Vice-President of BDEAC. "This action is part of the strategic vision of His Majesty the King Mohammed VI, aiming at participating in African financial and economic bodies," underlines Mr. Boussaid in the margins of the signing of the convention."
2. BCP Raises Its Green Bond in Foreign Currency: "BCP announced on Thursday the subscription to its Green Bond by two leading international institutional investors for a total amount of 135 million Euros (1.5 billion Dirhams) with a maturity of 10 years. This important issue of Green Bond in Euro, which is a premier in the African banking sector, is subscribed by IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) dedicated to the private sector, for respective amounts of 100 and 35 million Euros," underlines BCP Group in a statement."
3. Financing: AFD Grants 80.5 Million Euros to Support the Moroccan Education System: "Mohamed Boussaid, the Minister of Economy and Finance; Mohamed Hassad, the Minister of National Education, Vocational Training, Higher Education, and Scientific Research; Jean-François Girault, Ambassador of France to Morocco; and Eric Baulard, the Director of AFD in Morocco; have signed two financing agreements in Rabat on June 22, 2017, aiming at supporting the Moroccan education strategy. These agreements are in the form of a concessional loan of eighty million Euros and a grant of five hundred thousand Euros."
4. Accompaniment: Endeavor Morocco and BCP Are Allied to Support SMEs: "Fully committed to the development of Moroccan SMEs and strengthening their competitiveness, Banque Populaire signed, on Thursday, June 15, an exclusive partnership with the international organization of entrepreneurs and mentors, Endeavor. The objective of this alliance is to offer a proximity accompaniment to Moroccan companies with strong growth potential. Each year, 50 companies are selected to benefit from an innovative international coaching program, particularly in the provision of a local and international network of influential leaders and mentors, access to executive training at prestigious partner universities, or to accompany the raising of funds."
5. The Japanese Jtekt Gets a Foothold in Morocco: "The Japanese group will install its first industrial production unit in the MENA region in Tanger Med, covering an area of 6.5 ha. The production site of the Japanese automotive supplier will allow direct supply to the manufacturers PSA and Renault in parallel with other manufacturers and export markets. The project will be developed in the Tangier Automotive City area with work to start by 2018. The first phase provides for an initial annual production capacity of 230,000 units and an investment of 15 million Euros."
Crédit : IMPERIUM MEDIA
