Attijariwafa bank Corporate and Investment Banking brought together more than 120 participants from the institutional, corporate and large companies worlds on the occasion of the launch of its new fund, the African Energy Efficiency Fund (FAEE), in partnership with Econoler, a world leader in energy efficiency consulting services for more than 40 years.
The “FAEE” is a lever for the Attijariwafa bank group to catalyze innovative and sustainable energy efficiency projects across the African continent, while promoting responsible financial practices and investments with a strong environmental and social impact.
Organized under the theme “Financial innovations for a sustainable energy transition in Africa”, this event brought together experts in green finance and energy efficiency from different backgrounds including Pierre Langlois, President of Econoler; Youssef El Fath, Director of Industry at VINCI Energies West Africa; Brahim Ouazzani Chahdi, Group Investment Director at Wafa Assurance and Mehdi Benjelloun, Deputy Managing Director of Attijari Capital Management, Management Company of the African Energy Efficiency Fund.
This panel, moderated by Abdelaziz Lahlou, Economics Director at Attijari Global Research, made it possible to address the technical, financial and regulatory challenges facing energy efficiency projects in Africa, to provide feedback from international experiences and good practices, and to discuss the operationalization of the model in the face of African realities.
Through his speech, Mr. Youssef Rouissi, Deputy Managing Director in charge of the Corporate and Investment Banking division, returned to the role of the private and banking sector in the implementation of the energy transition trajectory in order to “provide the human and financial capital necessary for the balance and bankability of these investments with a strong social impact”.
“The FAEE aims to support and accelerate the energy transition and decarbonization of Moroccan and African companies, by offering them a complete, turnkey solution,” he added.
Thus, and to complete the Group’s offer, the FAEE signed during this event an MOU with Vinci Energies, one of the technical partners playing a major role in the implementation of energy efficiency projects at customers.
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Econoler is an internationally renowned firm with over 40 years of experience in the design, implementation, evaluation and financing of energy efficiency and renewable energy programs and projects. Over the years, Econoler has participated in the development and implementation of approximately 4,000 projects in over 160 countries. Econoler has, among other things, developed internationally recognized expertise in the design and implementation of financing mechanisms adapted to different markets in order to implement energy efficiency projects. For more information, visit econoler.com or https://www.linkedin.com/company/econoler/.
Attijariwafa bank
Attijariwafa bank is a leading player on the African continent. In addition to banking, the Group operates through subsidiaries specializing in various financial businesses such as insurance, real estate credit, consumer credit, leasing, asset management, stock market intermediation, private banking, consulting, long-term leasing, factoring, etc.
The Attijariwafa bank group employs more than 20,782 employees and manages a portfolio of nearly 12 million customers through 5,900 branches. Attijariwafa bank is based in Morocco and operates in 27 countries through majority-controlled banking subsidiaries:
In Africa: Benin, Burkina Faso, Cameroon, Ivory Coast, Egypt, Gabon, Mali, Mauritania, Niger, Republic of Congo, Senegal, Chad, Togo and Tunisia;
In Europe: Germany, Belgium, Spain, France, Italy;It is also present through financial companies or representative offices in Abu Dhabi, Dubai, Geneva, London, Montreal, Beijing, Qatar and Riyadh.
By The editorial staffEditorial Committee – Casablanca
