Southern Neighbourhood

At the presentation of its 2024 results, the European Investment Bank (EIB) confirmed its role as a key partner in Morocco’s development thanks to longstanding levels of commitment. With €500 million in financing in 2024, up by 56% compared to 2023, the EU bank is stepping up its support for Morocco’s strategic priorities. This level of engagement shows stronger commitment to the sustainable development and economic resilience of the country. Since the beginning of its partnership with Morocco, the Bank has exceeded the €10 billion investment mark, financing major projects in energy, water, transport, education and business support. This symbolic milestone testifies to the EIB’s enduring commitment alongside the Kingdom of Morocco.

The European Investment Bank (EIB) announced significant new commitments to drive sustainable development and economic inclusion across Africa at the 2024 Africa Investment Forum (AIF) held in Rabat, Morocco from 4 to 6 December. With €21 billion invested over the past five years, including €8.9 billion in private sector financing, the EIB is reaffirming its position as a trusted, long-term partner for the continent.

The European Investment Bank (EIB) has committed $80 million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. This investment was announced at the Africa Investment Forum. It will fund renewable energy, digital infrastructure and transportation initiatives that support climate action, environmental sustainability and local economies and society.