Attijariwafa bank and the China Africa Business Council establish strategic alliance to boost Chinese private investment in Africa

Signaling an important milestone in the strengthening of trade and investment flows between China and Africa, Attijariwafa bank has formalized a strategic partnership with the China Africa Business Council (CABC), a key player involved in promoting Chinese private investment on the African continent. This collaboration supports the expansion of the Attijariwafa bank group, which has been present in Beijing, China, since 2022.

The memorandum of understanding was officially signed by Mr. Mohamed El KETTANI, Chairman and CEO of Attijariwafa bank, and Mr. Bill AO, Vice-Chairman of CABC. This major agreement aims to support Chinese investors in Africa through initiatives such as organizing visits of delegations of Chinese companies on the Continent, hosting sector-specific events, facilitating the exchange of information, and referring Chinese investors to promising opportunities in Africa.

The signing ceremony took place at an event organized by Attijariwafa bank on December 5^th, 2024, under the theme “China-Africa Investment Dialogue: Unlocking business and financial opportunities”, which welcomed members of the CABC visiting Morocco and brought together more than 40 Moroccan-based Chinese clients and partners, supported by the Group in expanding their operations in Morocco and other countries where the Group operates on the African continent.

In his speech, Mr. Mohamed El KETTANI expressed his gratitude to the China Africa Business Council (CABC) for its key role in strengthening relations between China and Africa. He stated: “This partnership with CABC underlines our commitment to fostering strong economic ties between China and Africa, [...] opening up tremendous growth opportunities for our clients and partners in both regions”.

Mr. Youssef ROUISSI, Managing Director, added: “These are opportunities that the Attijariwafa bank group supports through a China-Africa program, the focal point of which is our representative office in Beijing. This office operates as a strategic center, dedicated to building relationships with Chinese companies and financial institutions. It plays a key role in facilitating the smooth integration of Chinese companies into African markets by providing access to our extensive network across Africa, customized advisory services, hence ensuring that their projects are based on local expertise and international best practices.”

Mr. Bill AO, Vice Chairman of CABC, said: “Partnering with Attijariwafa bank, a leading pan-African financial institution, is a strategic move to provide Chinese private companies with essential information and entry points to the vast African market. Together, we enable Chinese companies to effectively engage and thrive in African markets, paving the way for sustainable development and shared success.”

About Attijariwafa bank Egypt

On May 3rd 2017, Barclays Bank PLC has transferred its entire shareholding in Barclays Bank Egypt S.A.E. to Attijariwafa bank group. On November 3rd 2017, the bank has been registered as Attijariwafa bank Egypt S.A.E. and is currently operating under the new trademark and logo.

The bank operates through a network of 61 branches and 73 ATMs covering key cities in Egypt. Its highly professional and skilled 1,445 employees proudly serve a large enterprise client base including leading international, regional and domestic companies as well as a strong base of more than 120,000 retail-banking customers across the country.

Entreprise

Attijariwafa bank
Siège social : 2 Bd moulay youssef , Casablanca
Tel : +212522224169
Web site : attijariwafabank.com

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