As part of Morocco’s preparations to host major international sporting events, such as the 2025 Africa Cup of Nations and the 2030 World Cup, BANK OF AFRICA is taking part in the Cap Hospitality program, intended for classified tourist accommodation establishments (EHTC).
This program is part of supporting productive investment, contributing to the modernization of the Moroccan hotel portfolio. This includes strengthening the financial structure of EHTCs and creating conditions conducive to their development.
The “Cap Hospitality By BOA” program offers a mixed financing solution (bank credit and subordinated debt) for renovation, upgrade or extension projects of eligible establishments. This funding can go up to 100 million dirhams (MDH), distributed as follows:
- Subordinated debt (“Junior Credit”): maximum 1/3 of the overall credit.
- Bank credit (“Senior Credit”): minimum 2/3 of the overall credit.
The Cap Hospitality offer can be combined with other financing or subsidy programs, such as the GO SIYAHA program from MAROC PME, thus allowing companies to have additional financing to carry out their projects.
- Competitive financing conditions (advantageous rates, repayment duration, deferred payment, etc.).
- No study costs for the “subordinated credit” part.
- A junior loan repayment period of 3 years longer than that of a bank loan.
- A capital deferral on junior credit that can reach double that of bank credit.
- Senior bank credit can benefit from Tamwilcom’s “Damane Istitmar” guarantee.
- The State reimburses the interest on the overall credit to the establishment quarterly over the entire life of the credit.
LNT with COP
#Cap #Hospitality #BOA
–
