A new Moroccan company receives financial and technical support from the EBRD.
The European bank has just granted a loan of 2 million euros to the “Société Maghrébine de Monétique” (S2M). This financing granted to the Moroccan publisher of electronic payment solution is part of the Bank’s Blue Ribbon program.
It focuses on financing and advising companies that stand out from their market because of their management capabilities and their strong growth potential. Thus the 2 million euros loaned to S2M will allow the company listed on the Casablanca Stock Exchange to finance its growth and development. The EBRD’s commitment will also contribute to improving the competitiveness of the company, including through the design of a new marketing strategy.
It also aims to provide employment opportunities for young people through field training programs, with funding from Italy via the Small Business Impact Fund. Small businesses in Morocco are a major priority for the EBRD. The bank provides funding and advice to help build modern, transparent, productive and competitive businesses that create jobs and strengthen the economy as a whole.