The Mohammed VI Fund for Investment (FM6I) and the European Investment Bank (EIB) signed a 500-million-euro financing deal during the Africa Investment Forum (AIF) in Marrakech.
The funding will be used to finance infrastructure projects, introduce innovative financing methods for Moroccan companies, and bolster the activities of the Fund-of-Funds in private equity and venture capital.
FM6I will also benefit from guarantee instruments and technical assistance support, facilitated through the development of innovative tools in collaboration with the European Commission.
The financing is intended to complement the FM6I’s existing resources, currently around 15 billion MAD from its initial capital, and should enhance its operations toward reaching its fundraising goals by leveraging its funds.
The partnership underscores Europe’s strong dedication to supporting the FM6I’s endeavors in promoting sustainable investment and fortifying the private sector in alignment with the broader objectives of the partnership between the European Union and Morocco.