Rabat - The World Bank (WB) and the British Council (BC) announced today that they will sign a memorandum of understanding on September 30 to promote the importance of social enterprises and launch a new incubation program for social entrepreneurs in Morocco.
With the assistance of a multi-donor trust fund, WB ad BC will sign a Memorandum of Understanding (MOU) involving $330,000 US in Rabat, the headquarters of the World Bank, on September 30, 2014, at 8.30 am.
This agreement will allow the partners to promote the importance of social enterprise and launch a new incubation program for social entrepreneurs.
A campaign will be launched in early November 2014 to raise awareness about potential job creation and improved social services resulting from social enterprises. A pilot program will support, assist, and finance Moroccan social enterprises.
The project plans to identify 30 social entrepreneurs with innovative projects, who will participate in a training program in January 2015.
The signing of the MOU will be attended by the Director of the Maghreb Department at the World Bank, Mr. Simon Gray, the British Council Regional Director—MENA, Mr Adrian Chadwick, and the new Director of the British Council Morocco, Mr John Mitchell.
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