Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Egypt
Morocco

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 23, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Coficab Maroc SA

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 58.87 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50
Converted using 2025-07-23 exchange rate.

Project Cost (USD)

$ 109.49 million

Bank Documents

PSD Translation (French)

Primary Source

Original disclosure @ EBRD website

Updated in EWS May 3, 2026

Disclosed by Bank Mar 20, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, in October 2025, the European Bank for Reconstruction and Development ("EBRD") extended a five year loan of EUR 50 million to Coficab to support expansion in Egypt and Morocco. The Project benefits from a first-loss risk cover provided by the European Union under the EFSD+ Guarantee Agreement "Municipal, Infrastructure and Industrial Resilience Guarantee Programme Plus".

The financing will support Coficab in executing their strategic expansion plans through the development of two new greenfield automotive cable manufacturing facilities, one in Egypt, marking Coficab's entry into the local market, and another in Morocco, strengthening its well-established operations. These investments reinforce Coficab's regional presence while advancing industrial modernization and the integration of green technologies within the automotive sector.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Category B (ESP, 2019). The construction and operation of two new automotive component manufacturing facilities in Morocco and Egypt are associated with site-specific impacts which can be readily mitigated.

The new facilities are both located in industrial areas and are not associated with any particular environmental or social sensitivities and have both secured necessary environmental approvals. Construction activities are in progress at the Egyptian site, under supervision by a Client's HSE manager.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

The facility consists of a long term loan of up to EUR 50 million.

The project will be complemented by additional financing through commercial loans and equity contributions.
Total Project Cost: EUR 93 million

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Coficab Egypt is a newly established entity, set up to operate a greenfield automotive cable production facility in Egypt, scheduled for inauguration in 2026. Coficab Maroc is company established in Morocco and currently operates automotive cable production plants.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Coficab Maroc SA	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Farouk Thabti
info@coficab.com
https://www.coficab.com/
Zone Franche d'exportation de Tanger, IIot n°15, lot n°8-Km13, Route de Rabat, 90000 Tanger
MOROCCO

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html