BCP Bank, African Development Bank Join Efforts to Boost Intra-African Trade

Rabat- Connecting Africa through enhanced communication channels and improved intra-Africa exchanges has lately been in vogue among political actors and important economic stakeholders on the African continent.

Consistent with such a spirit of increased South-South exchanges and economic relations, Morocco’s BCP Bank and the African Development Bank (AfDB) have recently signed a $100 million agreement to boost intra-Africa commerce.

Technically known as “risk participation agreement,” the deal is a cooperation aiming to promote trade between African states and meet the growing demand on continental financial transaction, particularly considering the growing and dynamic middle classes in many African countries.

In its statement about the deal’s terms and…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.