Bank of Africa Unveils “SME Invest by BOA” to Boost SME Growth in Morocco

SME Invest by BOA

Bank of Africa has also launched SME Invest by BOA, a specialized banking product that is aimed at empowering investment ability among the small and medium companies in Morocco. The initiative was launched on January 26 and is aimed at assisting very small, small and medium-sized enterprises with customized financing, institutional collaboration, as well as practical advice. Under SME Invest by BOA, Bank of Africa will meet the financing shortages as well as stimulate sustainable business growth. The program is part of the wider economic inclusion and economic development of the bank, and as such, SME Invest by BOA was one of the strategic instruments that entrepreneurs could use to achieve long-term investments and sustainability in a competitive market environment.

Supporting SME Investment Across Morocco

The SME Invest by BOA offer is a mix of traditional bank financing with co-financing mechanisms which are joint ventured with Tamwilcom. It also allows access to national and regional investment incentives by Regional Investment Centers (CRI). In addition to financing, SME Invest by BOA offers both operational and advisory services to entrepreneurial ventures in order to organize plausible investment projects. Combining financing, incentives, and guidance, Bank of Africa makes sure that SME Invest by BOA can react to the actual challenges of SMEs and help Morocco to achieve the objectives of the economic development and to create jobs.

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Fatima Saif is a lifestyle and culture writer who covers Emirati arts, tourism, and modern cultural trends across the Gulf.

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