Date: 18/03/2019
Source: Renewables Now
The European Bank for Reconstruction and Development (EBRD) on Friday announced EUR 60 million (USD 68m) in loans and guarantees for BMCE Bank of Africa to support green energy investments in Morocco.
The bigger portion represents a EUR-50-million risk-sharing facility to be extended by the EBRD to BMCE, improving the access to finance for local businesses and expanding the bank’s financial products.
The EBRD will also sign a EUR-10-million loan under the Morocco Green Economy Financing Facility (GEFF), supporting sustainable energy projects via local partner banks. This loan consists of an initial tranche of EUR 5 million, of which EUR 3.75 million from EBRD and EUR 1.25 million from the Green Climate Fund (GCF). The second tranche will be extended at a later stage, the bank stated.
Zanzibar Prepares an 18 MW Solar Plant for Energy Autonomy...
Source: European Bank For Reconstruction and Development Small and medium-sized enterprises (SMEs) in Morocco will benefit from an EBRD credit line of u...
Source: The Independent Of the 1.2 billion people who live in Africa, it’s estimated that more than 650 million have no access to energy, relying instead...
Source: Africa Oil and Power Tanzania’s Energy Ministry has formed a partnership with energy experts from Uganda to carry out oil exploration activitie...
