The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems.
The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs
Under the Bank’s Blue Ribbon program, the EBRD funds will further support the growth and development of the Moroccan company. The Program provides finance and business advice specifically for firms that stand out for their market leadership and high-growth potential. It currently includes 47 companies in 26 countries where the Bank invests. via @northafricapost.com