The Moroccan Economy in Brief: Friday, May 13, 2022

EBRD: €40 million loan to ANP :

The European Bank for Reconstruction and Development (EBRD) announced on Thursday in Marrakech that it has granted a €40 million loan to the National Ports Agency (ANP) to enhance climate resilience in several ports on the Moroccan Atlantic coast. This loan, whose documents were signed by the President of the EBRD, Odile Renaud-Basso, on the occasion of the General Assembly and the EBRD Business Forum, is the first financing offered to a Moroccan public entity without a state guarantee.

Marrakech: Signature of an MoU between Morocco and the BOAD:

On Thursday in Marrakech, the Minister of Economy and Finance, Nadia Fettah and the President of the West African Development Bank (BOAD), Serge Ekue, signed a memorandum of understanding (MoU) designed to consolidate cooperation relations between the two parties. Ekue noted that this MoU reinforces the cooperation between the two institutions for nine years already and seal in this context a common vision. The two parties will establish their work program in several areas including infrastructure, energy, agriculture, health, education and housing, including social housing, noted the official.

Morocco - Spain: Alj pleads for a new economic partnership :

The president of the General Confederation of Moroccan Businesses (CGEM), Chakib Alj, stressed, on Thursday in Casablanca, the need to further renovate the economic partnership between the two countries, in order to seize the new opportunities that are available between Morocco and Spain. "It is necessary to go even further and renovate the economic partnership between Morocco and Spain, in order to seize the new opportunities available to both countries, especially in view of the complementarities between our two economies and this, in various sectors such as agriculture, tourism, industry, renewable energy, "said Alj.

Smart City Casablanca Symposium, May 25 and 26 :

On May 25 and 26, the local development company Casablanca Events and Animations is organizing the "Smart City Casablanca Symposium". This event, which will be organized in partnership with the University Mohammed VI Polytechnic and Hassan II University of Casablanca, will have the purpose of pushing to think about new economic models, new practices of urban resilience and the central role of the human in the manufacture of the city, said Casablanca Events and Animations in a statement.

Jumia's first CSR report:

On Wednesday, Jumia released its first Corporate Social Responsibility (CSR) report, outlining its CSR strategy and providing an overview of its current sustainability practices. The report presents Jumia's non-financial data for the year 2021 and provides information in line with the Sustainability Accounting Standards Board's (SASB) main focuses for e-commerce entities, as well as the United Nations Sustainable Development Goals (SDGs), according to a Jumia statement .