The latest news says the public agency UK Export Finance has declared that it is now open to conducting its business operations in the Moroccan kingdom with the arrangement of a new International Export Finance Executive in Casablanca. Earlier, UK Export Finance hires two new directors to its executive leadership: Julia Beck as Chief Strategy and Impact Officer, and Paul Neville as Digital, Data, & Technology Director to cater to the requirements of UK exporters.
According to the UK Export Finance (UKEF) reported in a press release as the British government's export credit institution, it will invest up to 51.5 billion dirhams (MMDH), or $4.83 billion to support & strengthen the trade ties between Morocco and the UK. The declaration comes as the UK export credit agency appoints a new International Export Finance Executive (IEFE) in Casablanca, uplifting the British exporters with a minimum total contract value of 20% reserved for the UK suppliers with any overseas projects financed by UK Export Finance (UKEF). It makes us remember the news where UK Export Finance granted £6 billion to SMEs exporters as a contributory step towards their agenda of dominating Britain's free trade.
Morocco offers immense opportunities for UK businesses being a significant investment objective as well as a significant gateway for investment in Africa and one of the important choices for inviting capital to the North African nation is the UK. The north African nation has an immense space for feasible investment, green energy generation, and investment opportunities are promptly available. Please note that recently, African Development Bank honored with best multilateral financial institution 2021.
Read more: https://www.emeriobanque.com/news/uk-export-finance-to-invest-4-83-billion-in-moroccan-trade
