Japan’s JBIC Deepens Presence in Africa, Signs MoU with Moroccan Attijariwafa bank
Japan’s Bank for International Cooperation (JBIC) has signed a Memorandum of Understanding (MoU) with Morocco’s leading Attijariwafa Bank to strengthen its presence in Africa and help develop trade and investment between Japanese and African companies.
The two banks have long cooperation ties and have both contributed to various projects in Morocco, including Jorf Lasfar 5 & 6 and Safi Energy Company (SAFIEC.)
The MoU, signed on the sidelines of the Tokyo International Conference on African Development (TICAD VI) which was held in Nairobi August 27-28, will enable the JBIC to expand its presence in Africa through Attijariwafa Bank’s networks on the black continent.
The JBIC is the international wing of the Japan Finance Corporation (JFC,) a state-owned financial institution promoting economic cooperation between Japan and overseas countries.
Headquartered in Tokyo, JBIC is present in 21 countries.
During the Nairobi gathering, Japan pledged $30 billion in support of Africa’s economic growth and infrastructure over the next three years.
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.