Financing a dam in Cameroon
‘At the end of the 2000s, the Kingdom of Morocco adopted a strategic vision for the country's energy transition, which was one of the most ambitious in Africa. The goal was to increase the share of renewable energies in the electricity mix to 52% by 2030.
The Attijariwafa bank group has therefore demonstrated its commitment to supporting this transition through the financing of several key renewable energy projects in Morocco.
This initiative has also been extended to a number of the Bank's countries of coverage, including Cameroon, where the Group participated in the financing of the 420 MW Nachtigal hydroelectric power station as part of an extended syndication involving nearly 14 financial institutions (local banks, international banks and DFI).
Moreover, Attijariwafa bank group was the 1st commercial bank in Africa and the MENA region, as well as the 7th worldwide to be accredited by the United Nations Green Climate Fund (GCF) in 2019. This accreditation enables us to channel conventional green financing towards projects with a high socio-economic impact as part of national sustainable development strategies.
