Bank of Africa (BOA) has launched SME Invest by BOA, a new program aimed at empowering small and medium-sized enterprises (SMEs) across Morocco. Introduced on January 26, the initiative combines customized financing, co-financing mechanisms, and advisory services to help businesses overcome persistent investment challenges.
A Strategic Push for Economic Inclusion
The initiative is part of BOA’s broader economic inclusion strategy. By linking SMEs to Regional Investment Centers (CRI) and offering access to national and regional investment incentives, SME Invest by BOA seeks to drive sustainable business growth and job creation. “Our goal is to ensure Moroccan SMEs have the tools and guidance to thrive in a competitive market,” said a bank spokesperson.
Co-Financing and Advisory Services
Through partnerships with Tamwilcom, the program combines traditional financing with co-financing opportunities, creating a more robust funding structure for entrepreneurial ventures. Beyond capital, SME Invest by BOA offers operational guidance and investment advisory, helping SMEs organize and execute feasible investment projects.
Bridging the Investment Gap
SMEs often face challenges in securing finance and navigating incentives. BOA’s program aims to bridge this gap by offering both funding and professional advice. Analysts say this could stimulate Morocco’s economy by supporting small businesses that contribute significantly to local employment and innovation.
A Long-Term Vision
By integrating financing, guidance, and institutional collaboration, SME Invest by BOA positions itself as a strategic instrument for sustainable growth, signaling a new era of bank-led SME empowerment in Morocco.
