Attijariwafa bank, a leading pan-African banking group, has teamed up with IFC, a member of the World Bank Group, to boost cross-border trade and investment in Africa and support the continent’s smaller businesses. A cooperation agreement was signed by the two sides to enhance investments in both North Africa and Sub-Saharan Africa. The two parties will also cooperate in corporate and investment banking, project finance, and in providing risk-sharing trade instruments. “Attijariwafa bank and IFC share the vision that a healthy private sector is crucial to creating jobs and driving economic growth,” said Boubker Jai, Co-CEO of Attijariwafa bank Group. Over the last 10 years, IFC has supported around $1.4 billion in investments by MENA companies in Sub-Saharan Africa.

Source: The North Africa Journal March 27, 2018 09:22 UTC