Bank of Africa (BOA) partners with AMDIE to Boost Chinese Investment in Morocco

MOROCCO – Morocco’s third-largest banking group (BMCE) signed a partnership agreement with Morocco’s development and investment agency to support Chinese investments in Morocco. The agreement was signed by BOA’s Executive General Director, Kalid Nasr, and AMDIE’s General Director, Youssef El Bari. The AMDIE-BOA cooperation agreement aims to support Chinese investments in accessing the Moroccan market as well as other African…

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IFC and Bank of Africa Kenya partner to expand SME lending in Kenya

KENYA – The International Finance Corporation (IFC) and Bank of Africa Kenya (BOA), a subsidiary of the Bank of Africa BMCE Group, have announced a partnership aimed at spurring private-sector growth and promoting access to finance in Kenya, including for women-owned businesses and businesses focused on addressing climate change. Through the partnership, IFC will enter a risk-sharing facility with BOA…

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Ecobank partners five insurance companies to support its SMEs customers

TOGO – Ecobank Group’s Commercial Banking business has partnered with five insurance companies to offer a range of Bancassurance solutions to its Small and Medium-sized Enterprise (SME) customers across markets where Ecobank operates. OLD MUTUAL, ALLIANZ, SUNU, SANLAM & NSIA will offer Commercial Asset Insurance, Engineering insurance, Marine & Cargo insurance, Key Man insurance, Motor fleet Business Travel insurance, in…

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Bank of Africa – BMCE Group secures US$29.3m from EBRD to support Morocco’s green transition

MOROCCO – The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union (EU), is providing a financial package of up to €25 million (US$29.30m) to Bank of Africa – BMCE Group to support Morocco’s green transition. The financing, of which a total of €18.75 million (US$21.98m) will be provided by the…

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Bank of Africa signs MoU for building trading and logistics park in Morocco

MOROCCO – Bank of Africa has signed a Memorandum of Understanding (MoU) with Zhejiang China Commodity City Group (CCC Group) to boost their trading partnership. The purpose of the agreement is to enable the two institutions to work together to build a trading and logistics park in Morocco. The agreement is also part of the determination of Morocco and China…

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