Africa: Afreximbank, Attijariwafa Bank Sign MoU to Support Trade Across Africa

12 December 2017

Abuja — The African Export-Import Bank (Afreximbank) and Attijariwafa Bank Group have signed a memorandum of understanding (MoU) to collaborate in developing a large framework of cooperation in trade across Africa.

Under the terms of the MoU signed in Sharm El Sheikh, Egypt at the weekend by the President of Afreximbank, Dr. Benedict Oramah and Mohamed El Kettani, Chairman and CEO of Attijariwafa Bank Group, on the sidelines of the Africa 2017 Forum, the two institutions committed to collaborating in equity and treasury cooperation through the participation of Attijariwafa Bank in Afreximbank's equity base as well as the use of excess liquidity for placements under Afreximbank's deposit schemes aimed at financing trade across Africa.

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