SANAD partners with BANK OF AFRICA to strengthen SMEs in Morocco through EUR 25 million loan
Luxembourg and Casablanca, January 20, 2023 – Representatives from the SANAD Fund for MSME (SANAD) and BANK OF AFRICA met to mark a strategic collaboration to improve access to finance for small and medium enterprises (SMEs) in Morocco. The Fund has extended a financing line of EUR 25 million dedicated to financing SMEs, a key segment and critical contributor to the emergence of the Moroccan economy and job creation on a national scale. This senior loan will be bolstered by technical assistance provided by SANAD's Technical Assistance Facility, which will help the Bank deploy its strategy in favour of SMEs. To read more about this please click here