Souk At-Tanmia Maroc (AFDB-G-MA-KZ0-ZZZ-001)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Technical Cooperation
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, etc.
Investment Amount (USD)
$ 2.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 8, 2020


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Project Description

According to bank provided information, the present intervention is about the Souk At-Tanmia program. This is a program to support entrepreneurship in Morocco. It was launched to fight against unemployment by promoting entrepreneurship. This programme seeks to establish: (i) A national entrepreneurial ecosystem coordination platform in Morocco that will bring all entrepreneurship stakeholders under one umbrella; and (ii) A programme that includes both financial and non-financial support for the most disadvantaged project leaders. It comprises three components, namely:

  1. Establishment of a national coordination platform for the entrepreneurship ecosystem;
  2. Technical support to emerging entrepreneurs and the entrepreneurial ecosystem; and
  3. Direct financial support to strengthen the equity capital of entrepreneurs with highpotential projects.

The objective of the Souk At Tanmia programme is to launch an entrepreneurship support programme under the SAT regional platform. It will help to establish an innovative mechanism in Morocco that comprises nonfinancial and financial support (provision of an equity grant).

Investment Description
  • African Development Bank (AFDB)
Contact Information

Name Leila Jaafor Kilani
Email l.jaafor@afdb.org 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.