Afreximbank, Morocco ink MoU for $1billion trade programme

African Export-Import Bank (Afreximbank) has signed an MoU with Morocco to develop a $1 billion Morocco-Africa trade and investment promotion programme.

The programme aims to facilitate and guide future cooperation in areas of common interest between Afreximbank, the Ministry of Economy and Finance of Morocco, other government departments, and Moroccan economic operators.

Under the programme, areas of collaboration will include financing and promoting intra- and extra-African trade through the implementation of credit, risk-bearing and trade information and advisory services. It will also include support for engagements, missions, exchange of information and capacity building.

Source: Arabiya Capital