Afreximbank and Morocco have recently formalized an agreement, solidifying their collaboration in key areas.

The signing ceremony, which took place in Marrakech’s capital, involved the Moroccan Minister of Economy and Finance, Ms. Nadia Fettah, and the President of the African Export-Import Bank (Afreximbank), Benedict Oramah, on Saturday.

This pivotal agreement outlines the focal points of cooperation between Afreximbank and its Moroccan counterparts, with a financial commitment of one billion dollars. Notably, the agreement underscores the facilitation and promotion of both intra- and extra-African trade, in addition to encompassing project financing and technical support, as highlighted in a press release from the Ministry of Economy and Finance received by APA.

Ms. Fettah expressed her appreciation for the Memorandum of Understanding, emphasizing its significance in fortifying the relationship between Morocco and Afreximbank.

This milestone serves to reaffirm the Kingdom’s unwavering dedication to the advancement of Africa.

Established in 1993 in Abuja, Afreximbank operates as an African financial institution with a core mission to foster, facilitate, and enhance trade within Africa and beyond through an array of financial and guarantee services.