{"id":461237,"date":"2018-07-17T23:45:18","date_gmt":"2018-07-17T22:45:18","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461237"},"modified":"2018-07-17T23:45:18","modified_gmt":"2018-07-17T22:45:18","slug":"ebrd-awards-16-5-million-euros-to-novares-marocco","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/17\/ebrd-awards-16-5-million-euros-to-novares-marocco\/","title":{"rendered":"EBRD awards 16.5 million euros to Novares Marocco"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The European Bank for Reconstruction and Development (EBRD) has awarded a \u20ac 16.5 million loan to Novares Morocco, the Moroccan subsidiary of the French automotive supplier Novares Group.<br \/>\nThe financing will, among other things, supply the Peugeot PSA plants in Kenitra and Renault in Tangier, in line with the Moroccan authorities&#8217; desire to increase the local integration rate of these sites to 60% by 2020. There is also the training component with the care of more than 180 young people.<br \/>\nAccording to Adil Chikhi, director of the EBRD&#8217;s corporate activities in the region, this is the third EBRD-financed project in the automotive sector in Morocco, after Faurecia and Varroc Lighting Systems, which will help develop the automotive sector and increase the local integration rate.<br \/>\nWith a strong presence in 21 countries, 10,000 employees and 42 production centers, Novares is a global provider of plastic solutions, designing and manufacturing complex components and systems for the automotive industry of tomorrow. The company recorded in 2017, 1.2 billion euros of turnover.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) has awarded a \u20ac 16.5 million loan to Novares Morocco, the Moroccan subsidiary of the French automotive supplier Novares Group. The financing will, among other things, supply the Peugeot PSA plants in Kenitra and Renault in Tangier, in line with the Moroccan authorities&#8217; desire to increase the<\/p>\n","protected":false},"author":527297,"featured_media":461241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000],"tags":[14743,15138],"class_list":["post-461237","post","type-post","status-publish","format-aside","has-post-thumbnail","category-banks-insurance","tag-ebrd","tag-marocco","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EBRD awards 16.5 million euros to Novares Marocco - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/07\/17\/ebrd-awards-16-5-million-euros-to-novares-marocco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD awards 16.5 million euros to Novares Marocco\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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