The European Investment Bank (EIB) has signed a new €37.5 million (MAD 405 million) finance contract with the Office National de l’Electricité et de l’Eau potable (ONEE – Morocco's National Electricity and Drinking Water Company) to finance the rehabilitation and improvement of water supply and distribution infrastructure in Morocco. This signature comes in addition to a previous agreement concluded in 2019 under ONEE's 2019-2023 water infrastructure plan.
On Wednesday 2 June, the European Investment Bank (EIB) and CIH BANK signed their first financing partnership from a total package of €60 million (i.e. MAD 640 million) to strengthen support for SMEs and mid-caps. The assistance is part of CIH BANK’s support measures for Moroccan companies to stimulate the economic recovery from the impact of the pandemic.
The Portuguese Presidency of the Council of the European Union (EU), in collaboration with the European Investment Bank (EIB), organised a morning of discussion on the energy transition in Africa on Thursday 15 April in Rabat, entitled: “Energy efficiency in social housing and public buildings: opportunities and challenges.” This event was part of the preparation of the High-Level EU-Africa Green Investment Forum, organised jointly by the Portuguese Presidency of the EU and the EIB, which will take place in Lisbon on 23 April 2021, High-Level EU-Africa Green Investment Forum (2021portugal.eu).