|
Morocco, Quebec set up $ 50 million risk-capital
Morocco-Canada, Business, 11/1/2000
Morocco's "Caisse de Dépôt et de Gestion" (CDG) and Quebec's "Caisse de Dépôt et de Placement" (CDPQ) signed in Rabat Tuesday documents setting up a risk-capital fund of $ 50 million to help promote financing of small and medium enterprises (SME).
The fund to accompany strong growth potential SME and help nascent enterprises gets from the CDPQ $ 10 million and transfer of know-how and expertise in the trade of investment-capital.
CDG provides another $ 10 million confirming its lead as the kingdom's first institutional investor and a key instrument for mobilization and transformation of savings in the country. Moroccan and foreign investors would be contributing $ 10 million of the Fund which will start operating with a total $ 30 million.
CDG general manager Khalid Kadiri said only new and developing firms will benefit from the fund which means to encourage undertakings in telecommunications, information technology, agribusiness and tourism.
Previous Stories:
Moroccan Air Carrier and Canada-based Moroccans' Federation sign agreement
(5/19/2000)
Canadian businessmen in Morocco
(4/17/2000)
Moroccan business delegation explores opportunities in North America
(11/11/1999)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info


|