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TunisiaThe European Bank for Reconstruction and Development extends Women in Business programme in Morocco
The European Bank for Reconstruction and Development (EBRD) is extending the outreach of its Women in Business programme in Morocco by expanding the initiative to the regions of Tangier, Tétouan-Al Hoceima and Oriental in the north of the country. In an introductory phase in Morocco, the EBRD is providing the equivalent of a total of €35 million in local currency to BMCE Bank of Africa and BMCI (Banque marocaine pour le commerce et l’industrie) to support women-led small and medium-sized enterprises (SMEs) from across the country. The programme aims to reach at least 200 women entrepreneurs in Morocco in its initial phase through financing and advisory services.
The EBRD Women in Business programme supports women entrepreneurs across the Bank’s regions. Since its launch in 2014, the initiative has reached 55,000 women, providing financing of over €485 million in cooperation with more than 30 financial institutions in 18 countries, as well as improved access to know-how, skills development training and business networks. The programme receives important support from the European Union under the EU Initiative for Financial Inclusion.
The EBRD started investing in Morocco in 2012. To date, the Bank has financed 50 projects worth €1.7 billion in the country and provided over 550 Moroccan SMEs with business advice.
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Morocco
