Finance

Major Japanese financial institutions join Morocco’s Attijariwafa Bank and BCP to explore opportunities in sub-Saharan Africa

Friday, 30 August 2019 15:30
Major Japanese financial institutions join Morocco’s Attijariwafa Bank and BCP to explore opportunities in sub-Saharan Africa

(Ecofin Agency) - Morocco’s banking groups Attijariwafa Bank and Banque centrale populaire (BCP) which are very active in sub-Saharan Africa, have signed partnership agreements with some key financial institutions in Japan to explore more opportunities in the sub-region. Agreements were signed on the sidelines of the Tokyo International Conference on African Development (TICAD).

For Attijariwafa Bank, the agreement was signed between CEO Mohamed El Kettani, and Hiroshi Nagamine, Director in charge of the Africa - Middle East region of Mizuho Bank & Mizuho Financial Group. Both sides undertook to formalize a cooperation framework in the banking, financial and business sectors, in particular as regards corporate banking, international trade operations, and project finance and capital markets.

Mizuho Bank hopes to find opportunities in Central and West Africa through its partnership with Attijariwafa.

The signature of this memorandum completes the network that our group has undertaken with major international banking institutions in order to better serve our clients around the world. An additional milestone was reached today with the Mizuho Bank group, one of the jewels in the crown of the Japanese banking industry. I am convinced that this partnership will create value for our respective customers,” commented Mohammed El Kettani of Attijariwafa.

BCP, for its part, was engaged by its Managing Director Kamal Mokdad, in an agreement in principle signed with Masahiko Oshima, Vice-President of Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation (SMBC). This partnership aims to support SMBC Group's Japanese and Asian customers in their investment and trade projects in Morocco, Mauritius and the countries where the BCP Group is present in sub-Saharan Africa.

This memorandum reflects the common desire of both institutions, BCP and SMBC, to strengthen their cooperation in the strategic sectors of the different geographical areas of their presence, thus contributing to further promote the sustainable development of trade and investment activities between Japan and Africa,” said Kamal Mokdad, BCP's Managing Director.

This commitment by Japanese banks to explore more opportunities in Africa is not new. At TICAD 2016, these two banks had already signed memoranda of understanding and financing agreements with their counterparts in southern Africa. South Africa is the only country where they have representative offices.

Idriss Linge



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.