Bank of Africa Plans to Boost Sustainable Finance

Bank of Africa is strengthening its commitment by offering solutions tailored to the ecological transition of businesses. Through targeted financing, an ambitious awareness campaign and a network of leading partners, the bank supports economic players in integrating responsible practices.

The environmental emergency is no longer an issue of tomorrow. Faced with a global economic transformation where sustainability is becoming a key factor of competitiveness, Moroccan companies must accelerate their transition to more responsible models.

Bank of Africa (BOA), a pioneer in sustainable finance, is thus strengthening its commitment to support this essential change. With tailored financial solutions, an ambitious awareness program and a network of strategic partners, the bank intends to be a catalyst for change for companies wishing to place sustainability at the heart of their development.

Tailor-made solutions

While sustainable financing is an opportunity, companies still need to grasp its interest and potential. Aware of this challenge, the Bank of Africa is deploying an unprecedented awareness campaign aimed at demonstrating the concrete benefits of these solutions.

The objective is twofold: to encourage companies to integrate sustainability into their strategy and to offer them tailor-made support to maximize their competitiveness, both on the domestic and international markets.

Since each company is unique, Bank of Africa relies on a personalized approach to support economic players in their green transition. Whether it is to improve their energy footprint, optimize their water consumption or integrate circular economy practices, the bank offers solutions adapted to each need.

This “turnkey” approach combines financing and strategic advice, guaranteeing companies concrete support in the implementation of their sustainable projects.

Bank of Africa: A decade of commitment to green finance

The Bank of Africa relies on a network of leading partners. Maroc PME, Tamwilcom and several multilateral development institutions work closely with it to offer financial and technical solutions adapted to Moroccan companies.

This network of expertise makes it possible to structure a coherent offer and accelerate the ecological transition of the national productive fabric.

Bank of Africa has been initiating its green shift for several years. In 2012, the bank launched financing solutions designed to integrate environmental imperatives into companies’ investment strategies. BOA Energico (2012), Cap Énergie I (2015), Green Invest (2019) and Cap Industrie Verte (2022) are all initiatives that have paved the way for a more environmentally friendly economic model.

At the moment, this expertise is being strengthened through an ambitious program structured around three strategic axes: energy efficiency, water management and the circular economy. Supporting the sustainable transition is not limited to financing: it also relies on the skills development of the bank’s advisors.

Bank of Africa Academy, in partnership with Bureau Veritas, has set up a certification training program for its sales force. The objective is clear: to offer Moroccan companies a qualified contact, capable of understanding their challenges and offering them solutions adapted to their sector of activity.

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(Featured image by micheile henderson via Unsplash)

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First published in LES ECO.MA. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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