TAMWILCOM Launches New Financing Offer for Moroccan Diaspora Projects in Tangier

Tangier, Morocco – In a significant move to enhance Morocco’s appeal as an investment hub for Moroccans living abroad, TAMWILCOM unveiled its latest financing solutions during a high-profile meeting in Tangier on Thursday, July 18, 2024. Held under the theme, “Supporting the Projects of the Moroccan Diaspora: New Financing Mechanisms, New Ambitions,” the event showcased innovative financial products designed to boost investment and entrepreneurship among the Moroccan diaspora.

The gathering served as a platform for TAMWILCOM to present its comprehensive financing framework, including the upgraded MDM INVEST product and the newly introduced MDM TAMWIL financing solution. Both products are expected to play a pivotal role in facilitating investments from Moroccans residing abroad.

Key Highlights of TAMWILCOM’s New Offer

MDM INVEST:
This updated product offers an investment bonus equivalent to 10% of the project’s total cost, capped at 5 million Moroccan Dirhams (DH). Eligible companies are required to contribute a minimum equity participation of 20% to qualify for this bonus.

MDM TAMWIL:
A complementary financing solution to conventional bank credit, MDM TAMWIL allows beneficiaries to access funding between 1 and 5 million DH. The contribution from TAMWILCOM carries an advantageous interest rate of 2.5% (excluding taxes), while the bank’s share will be subject to standard market rates.

How to Access the New Financing Mechanisms

To take advantage of these offerings, including MDM INVEST and MDM TAMWIL, entrepreneurs must collaborate with local banks, which play a crucial role in the implementation process.

Promoting Diaspora Engagement

The initiative aligns with Morocco’s strategic vision to leverage its diaspora’s potential in driving economic growth. By offering competitive financial products and facilitating collaboration with the banking sector, TAMWILCOM aims to simplify investment procedures and attract substantial contributions from Moroccans around the world.

The Tangier event, attended by key stakeholders, financial experts, and diaspora representatives, underscored the government’s commitment to creating a conducive investment climate for the global Moroccan community.

TAMWILCOM is a prominent institution dedicated to providing innovative financing solutions to support Moroccan businesses and foster economic growth. With a focus on inclusivity and competitiveness, the organization continues to evolve its offerings to meet the dynamic needs of entrepreneurs and investors.

This latest initiative reaffirms Morocco’s dedication to nurturing its global diaspora as a driving force for national development.