CapAccess: Bank of Africa Is Committed to Business Growth

In order to accelerate the pace of investments by Moroccan companies and relieve the constraint of equity contribution generally required by Banks, the Mohammed VI Investment Fund (FM6I), has set up a debt product subordinated to bank debt, named “CapAccess”, and dedicated exclusively to financing investment projects carried out by Moroccan companies with a turnover between 10 million DH and 500 million DH, operating in eligible sectors of activity.

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CapAccess Fund to help businesses develop

This GPBM-FM6I-Tamwilcom partnership (mandated under a framework agreement signed with the FM6I for the management of the CapAccess Fund) is the realization of a shared ambition to support the growth of companies committed to sustainable development, through the assessment of the environmental, social and governance impact (compliance with ESG rules).

As a partner bank of the national strategy, Bank of Africa aims to catalyze productive investment in Morocco, by actively participating in relaunching the investment dynamic of SMEs/ETIs, through the strengthening of the financial structure of companies and the creation of favorable conditions for their growth.

Thus, the “CapAccess By BOA” product consists of a joint credit granted according to the following arrangement:

Subordinated Debt “Junior Credit”: 1/3 maximum of the Joint Credit.
“Senior Credit” Bank Credit: 2/3 minimum of Joint Credit.

This offer has several advantages since it is offered at attractive rates to encourage companies to realize their investment projects. No study commission is charged to the company on the Junior Credit and its repayment period is longer, up to 12 years. The bank portion can benefit from the Tamwilcom Guarantee and the capital grace period on the junior loan corresponds to double the grace period granted by the bank with a maximum of 5 years.

For national business awareness, a regional tour is planned as part of a large-scale communications campaign. Through this strategic partnership, Bank of Africa establishes its role as a key player in the realization of national economic ambitions and in supporting companies in their development.

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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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