The MoU was signed by the Minister of Economy and Finance, Nadia Fettah, and Afreximbank President, Benedict Oramah, on the sidelines of the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund. The memorandum outlines the priority areas of cooperation between the institution and its Moroccan partners, focusing on financing and promoting intra- and extra-African trade, project financing, and technical assistance.
The Minister welcomed the signing of this MoU, marking a significant step in consolidating cooperation relations between Morocco and Afreximbank. It reaffirms the Kingdom’s commitment to Africa’s development in line with HM King Mohammed VI’s vision of promoting South-South cooperation.
Fettah emphasized the importance of this agreement, enabling Morocco to strengthen its trade and investment in Africa.
For his part, Oramah noted that the MoU aims to support the Moroccan government in its efforts to promote trade and investment in Africa and worldwide.
This agreement is part of the ongoing efforts to strengthen cooperation between the two parties with the aim of increasing the institution’s support in the future.
Afreximbank President also expressed his sincere condolences to Morocco following the Al Haouz earthquake and praised the Kingdom’s resilience in the face of this tragedy.
African Export-Import Bank is an African financial institution founded in 1993 in Abuja, Nigeria, with the primary goal of facilitating, promoting, and developing intra- and extra-African trade through a range of financing and guarantee products.
Source: Agency Morocaine De Presse