| Approval Date | 01 Oct 2018 |
| Signature Date | 01 Oct 2018 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Multi-Sector |
| DAC Sector Code | 43010 |
| Commitment | U.A 1,509,584.66 |
| Status | Implementation |
The present intervention is about the Souk At-Tanmia program. This is a program to support entrepreneurship in Morocco. It was launched to fight against unemployment by promoting entrepreneurship. This programme seeks to establish: (i) A national entrepreneurial ecosystem coordination platform in Morocco that will bring all entrepreneurship stakeholders under one umbrella; and (ii) A programme that includes both financial and non-financial support for the most disadvantaged project leaders. It comprises three components, namely: (i) Establishment of a national coordination platform for the entrepreneurship ecosystem; (ii) Technical support to emerging entrepreneurs and the entrepreneurial ecosystem; and (iii) Direct financial support to strengthen the equity capital of entrepreneurs with highpotential projects.
The objective of the Souk At Tanmia programme is to launch an entrepreneurship support programme under the SAT regional platform. It will help to establish an innovative mechanism in Morocco that comprises nonfinancial and financial support (provision of an equity grant).
The main beneficiaries are a large segment of the population, especially the young and the disadvantaged. The programme is expected to generate measurable results in the following forms: (i) 800 entrepreneurs receiving technical support; (ii) 250 projects to be created (with 100 supported by Innov Invest); (ii) a potential to create 1,500 jobs in 2022; and (iii) 30% of beneficiary projects initiated by women entrepreneurs.
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Funding
Multi donor Trust Fund for Countries in Transition
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| IATI identifier | 46002-G-MA-KZ0-ZZZ-001 |
| Last Update | 31 Oct 2019 |
| Name | Leila Jaafor Kilani |
| l.jaafor@afdb.org |
| Country | Morocco |