Attijariwafa bank launches the first Moroccan investment fund dedicated to Energy Efficiency projects.

Attijariwafa bank Corporate and Investment Banking gathered more than 120 participants from the institutional, corporate, and large enterprise sectors on the occasion of the launch of its new fund, the African Energy Efficiency Fund (FAEE), in partnership with Econoler, a global leader in energy efficiency consulting services for over 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 various 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 General Director of Attijari Capital Management, the management company of the African Energy Efficiency Fund. This panel, moderated by Abdelaziz Lahlou, Director of Economics at Attijari Global Research, highlighted the technical, financial, and regulatory challenges faced by energy efficiency projects in Africa, provided insights from international experiences and best practices, and discussed the operationalization of the model in light of African realities. Through his intervention, Mr. Youssef Rouissi, Deputy General Director in charge of the Corporate and Investment Banking division, addressed the role of the private and banking sectors in implementing the energy transition trajectory to “bring 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 comprehensive and turnkey solution,” he added. Thus, to complement the Group’s offering, the FAEE signed a Memorandum of Understanding (MOU) with Vinci Energies during this event, one of the technical partners playing a major role in implementing energy efficiency projects for clients.