Journal du Cameroun
APA News
The European Bank for Reconstruction and Development (EBRD) has on Thursday issued a €20 million loan to Morocco’s Societe Generale to support green projects carried out by SMEs in certain value chains and industrial ecosystems.
The loan agreement, signed by the Director of the EBRD in Morocco, Marie-Alexandra Veilleux-Laborie and Societe Generale Maroc’s CEO, Ahmed El Yacoubi, reinforces the partnership signed since 2012 between Societe Generale Maroc and EBRD; it focuses on the financing of green investments and the development of value chains in Morocco.
SMEs eligible for this program will be able to benefit from attractive support, including financing, investment subsidy and technical expertise to verify and optimize the viability of their green investment projects. The acquisition of green equipment will enable them to offer more competitive products, increase their exports and access to new markets by connecting to international companies.
Through this partnership, the bank intends to reinforce its willingness to act alongside SMEs in improving their competitiveness and their international sustainability by helping them in renewing their production tools, using effective environment preservation.
EBRD, a major player in the world of lenders, has funded 52 projects worth €1.8 billion since the beginning of its operations in Morocco in 2012 and has offered management consulting services to more than of 550 Moroccan SMEs.
