Bank Of Africa strengthens economic bridge between China and Africa with new partnerships
via Le Matin1 min read
Bank Of Africa has signed two key agreements to enhance economic ties between China and Africa. The first partnership, signed on June 21 in Beijing with CIEC Group, focuses on preparing for the fifth China International Supply Chain Expo CISCE in 2027. This memorandum aims to promote African business participation, facilitate business meetings, and foster new partnerships between Chinese and African economic operators. Bank Of Africa, leveraging its international network including its Shanghai branch, sees this as reinforcing its role as a financial gateway and its commitment to the internationalization of African businesses. Two days later, the banking group concluded a second agreement with CCCME, a leading Chinese organization for foreign trade and industrial cooperation. This partnership seeks to strengthen economic and commercial exchanges between China, Morocco, and all countries where the Group operates, while promoting high-value-added industrial projects and investments. Operating in 31 countries with a strategic presence in Shanghai, Bank Of Africa intends to support Chinese companies' development projects in Africa with integrated financing, trade finance, and tailored banking services. These initiatives align with the Group's strategy to support trade and investment flows between Africa and its international partners, highlighting the growing South-South economic cooperation and Morocco's increasing role as a connector between Africa and major global economic hubs
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