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  • The Moroccan Economy in Brief: Monday, July 31, 2017: New Offer from EBRD for Green Investments

The Moroccan Economy in Brief: Monday, July 31, 2017: New Offer from EBRD for Green Investments

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1. Issuance of a Commemorative Coin with a Face Value of 250 Dirhams: "On the occasion of the 18th anniversary of the enthronement of the Sovereign, Bank Al-Maghrib issued a commemorative coin with a face value of 250 Dirhams in silver. The sale of this coin is expected to take place on August 15, 2017, in the counters of Bank Al-Maghrib and the shop of its museum at the public price of 550 Dirhams per unit. This commemorative coin features the obverse of the effigy of His Majesty the King Mohammed VI in addition to the words "محمد السادس" and "المملكة المغربية", with below the vintages 2017-1438."


2. BMCE Bank Strengthens Its Partnership with the Chinese CRCCI: "The construction contract of Bouregreg Tower, a BMCE Bank project, was signed in Casablanca on Thursday, July 20. According to its initiators, it will be the tallest tower in Africa. The construction will last three years. The signing ceremony of the construction contract brought together BMCE Bank of Africa Group on the one hand, the Chinese group China Railways Construction Corporation International -CRCCI- and the Moroccan TGCC Group on the other hand, announces a statement of BMCE Group."


3. New Offer from EBRD for Green Investments: "The European Bank for Reconstruction and Development (EBRD) is planning to launch in Morocco a line of financing for green economy, in partnership with other European donors (the French Development Agency and the European Investment Bank, among others) and Moroccan banks. This line, of a hundred million Euros (the amount will be determined based on the market demand), is part of a new program initiated by EBRD entitled "Green Economy Financing Facility (GEFF).""


4. Ingram Micro NorthAfrica Becomes Distributor of Dell in Morocco: "Ingram Micro North Africa announced on Friday, July 28, 2017, that it was selected as a strategic distributor partner by Dell EMC in Morocco. The broader relationship builds on the current partnership of Ingram Micro North Africa with Dell EMC and further strengthens the relationship of Ingram Micro with one of the largest providers of IT solutions in the world."


5. UMNIA BANK: The Minister Boussaïd Inaugurates Rabat's Agency: "Umnia Bank agency was inaugurated in Rabat by the Minister of Economy and Finance, Mohammed Boussaid, and the Chief Executive Officer of CIH BANK, Ahmed Rahhou. Boussaid declared that the start-up of participatory banks has come to crown a long process aimed at the emergence of a properly Moroccan model in the matter. The latter will contribute to the diversification of the means of financing the economy, stated the minister, ensuring that efforts are continuing to finalize takaful insurance system and issue sukuks as soon as possible."

 

 

Crédit : IMPERIUM MEDIA

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