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Proparco And BMCI Agrees To Fund Arma, To Assist The Company’s Sanitation And Wa - Business - Nairaland

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Proparco And BMCI Agrees To Fund Arma, To Assist The Company’s Sanitation And Wa by iamprincewill: 12:14pm On Mar 04
Proparco and BMCI agrees to fund Arma, to assist the company’s sanitation and waste management program in Casablanca

French investor Proparco and Morrocan Bank BMCI have agreed to fund the sanitation and waste management program of Arma Casablanca.

To assist the city of Casablanca, Morocco’s economic capital, with the major challenges involved in waste management, BMCI has agreed to provide financing, backed by a Proparco guarantee, to Arma Casablanca so that the company can update and upgrade the city’s waste removal and sanitation facilities.

Sanitation — a challenge of vital concern to the city
In Casablanca, Morocco’s economic capital with c. 3.4 million inhabitants, and across the country, population growth and urbanization have led to an exponential increase in household waste. Any number of cities around the world are confronted with much the same issues.

Casablanca has succeeded in setting up an increasingly structured system for managing a volume of household refuse that has risen to an estimated 1 million tons a year.

Upgrading the city’s waste removal and sanitation services, which have been handled via a concession contract since 2004, is a vital concern, and the municipal authorities rely heavily on key local organizations like Arma to help them achieve excellence in this area.

Created in 2011, Arma is a household waste management and sanitation company. Its operations today span twenty towns and cities, including five of Morocco’s ten largest. In 2019, Casablanca awarded Arma a contract in competitive bidding to manage sanitation and waste removal in four of the metropolitan area’s eight prefectures (districts).

Read more...https://media.getfundedafrica.com/2021/03/03/proparco-and-bmci-agrees-to-fund-arma-to-assist-the-companys-sanitation-and-waste-management-program-in-casablanca/

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