Attijariwafa Bank Strengthens Its Partnership with China to Support Investments in Africa
Attijariwafa Bank (AWB) continues to strengthen its cooperation with Chinese economic actors. The Moroccan banking group has signed a memorandum of understanding with the China International Contractors Association (CHINCA) to facilitate the financing of infrastructure and investment projects led by Chinese companies across the African continent.
A Strategic Partnership between AWB and CHINCA
Attijariwafa Bank has taken a significant step in enhancing its presence in China by entering into a Memorandum of Understanding (MoU) with the China International Contractors Association (CHINCA), one of the leading organizations representing Chinese companies operating internationally.
The signing of this agreement is part of a broader effort to strengthen economic relations between China and Africa, where Chinese investments continue to grow across several strategic sectors.
Supporting Major Infrastructure Projects in Africa
On the sidelines of this signing, AWB participated in a meeting with several major Chinese public enterprises specializing in infrastructure, energy, and engineering.
Discussions focused on development prospects in Africa, the funding needs for structural projects, and banking solutions aimed at supporting Chinese investors looking to enhance their presence on the continent.
With its established network across several African countries, Attijariwafa Bank aims to serve as a key financial partner in the realization of these projects.
Promoting Sino-African Investments
The memorandum was signed by Fang Qiuchen, President of CHINCA, and Youssef Rouissi, Deputy General Manager responsible for the Corporate & Investment Banking division at Attijariwafa Bank, in the presence of Btissam Dakkouni, the banking group’s representative in China.
Through this partnership, both institutions seek to develop synergies between Chinese companies and African markets, while facilitating the emergence of new investment opportunities and economic cooperation.
AWB Strengthens Its Positioning in Africa
With this initiative, Attijariwafa Bank reaffirms its strategy of supporting exchanges between Africa and major international economic partners.
The group intends to leverage its banking expertise and pan-African network to support Chinese companies in their investment projects while contributing to the financing of infrastructure and the economic development of African countries.
