30 Moroccan SME projects get 100 million ff financing

Over 30 projects worth 100 million FF have been submitted to the Société Générale Marocaine de Banques in charge of the Small And Medium Enterprise (SME) financing line by the French Development Agency.

Treasury-director of the department of economy, finance, privatization and tourism and head of the economic mission of the French embassy voiced satisfaction at the functioning of the SME line one year after inception saying it would contribute to enhancing Moroccan exports.

The SME line already benefited 8 projects worth $32 million in agribusiness in the Casablanca area, said a release of the French embassy in Rabat.