Morocco

The European Investment Bank (EIB) announced significant new commitments to drive sustainable development and economic inclusion across Africa at the 2024 Africa Investment Forum (AIF) held in Rabat, Morocco from 4 to 6 December. With €21 billion invested over the past five years, including €8.9 billion in private sector financing, the EIB is reaffirming its position as a trusted, long-term partner for the continent.

The European Investment Bank (EIB) has committed $80 million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. This investment was announced at the Africa Investment Forum. It will fund renewable energy, digital infrastructure and transportation initiatives that support climate action, environmental sustainability and local economies and society.

The European Investment Bank (EIB), the European Union in Morocco and the Ministry of National Education, Pre-School and Sport (MENPS) officially launched in Rabat on Tuesday 15 October 2024 a technical assistance initiative to support implementation of a national programme to build and transform more than 150 community schools in rural areas of the Kingdom of Morocco. The kick-off meeting was chaired by Minister of National Education, Pre-School and Sport Chakib Benmoussa and was attended by the Head of the EIB Representation in Morocco Adrien de Bassompierre and the Head of EU Cooperation in Morocco Jean-Christophe Filori.