1. What is Tamwilcom's overall vision regarding the financing of entrepreneurship and support for very small, small and medium-sized enterprises through guarantee mechanisms?
Tamwilcom's vision is to ensure a continuum of financing for entrepreneurship by supporting businesses at every stage of their lifecycle and addressing their specific needs.
In this regard, our strategy is to provide guarantee and financing mechanisms for microenterprises, micro, small and medium-sized enterprises (MSMEs/SMEs), as well as startups, in partnership with various stakeholders--including development partners, banks, financing companies and the startup ecosystem--through products tailored to different needs.
Our vision also includes encouraging financial partners to support entrepreneurship by offering favorable conditions to identified target groups, including microenterprises, very small businesses and women-owned enterprises.
2. How would you assess the partnership between the African Development Bank Group and Tamwilcom over the past two years?
The partnership between the African Development Bank Group and Tamwilcom is part of a long-standing collaboration that has delivered particularly strong results in advancing inclusive finance and strengthening guarantee mechanisms.
This cooperation has materialized through the implementation of the Inclusive Financial Sector Development Support Program, rolled out in three phases, followed by the Resilience and Competitiveness Support Program for Microfinance Institutions, implemented in two phases.
These budget support operations have progressively supported the transformation and scaling up of Morocco's national guarantee system, with an increasing focus on financial inclusion, support for MSMEs and job creation.
Over the past two years, this cooperation has intensified further through a new generation of results-based financing operations centered on impact indicators, particularly in the areas of MSME financing, job creation and the promotion of women's entrepreneurship.
The most recent flagship initiative in this framework is the Entrepreneurship Support and Financing Program for Job Creation, approved by the African Development Bank Group in 2025 for an amount of €119 million.
The program includes a USD 2.5 million grant under the AFAWA (Affirmative Finance Action for Women in Africa) initiative, aimed at supporting women's entrepreneurship and assisting 8,700 women entrepreneurs. Implemented in partnership with the Ministry of Economy and Finance, the program places women's entrepreneurship at its core through disbursement indicators directly linked to the use of guarantee mechanisms for financing MSMEs and their contribution to job creation.
The results achieved clearly demonstrate the leverage effect of the scheme: today, one euro committed in guarantees can generate up to twenty-four euros in bank financing for MSMEs, underscoring the mechanism's ability to mobilise private-sector financing.
Beyond financial support, the partnership with the African Development Bank Group also includes a significant capacity-building component aimed at strengthening our practices in sustainable development, impact assessment and evaluating the contribution of our interventions to job creation.
3. What prospects do you see for deepening this collaboration?
The partnership still has considerable potential for further expansion, given the convergence of the two institutions' long-term visions and the challenges associated with the continued modernisation of the national economy.
In addition to ongoing programs, we believe that further opportunities could be explored in areas such as support for MSMEs, the green and digital transition, territorial development, support for public policies and startup financing.
These themes could give rise to innovative collaboration mechanisms, including risk-sharing instruments and support for the launch of new financing solutions aimed at stimulating private investment.
