The Attijariwafa bank group and the Secretariat of the African Continental Free Trade Area (AfCFTA) intend to accelerate the impacts of the AfCFTA in order to facilitate trade and investment on the Continent. To this end, they signed a memorandum of understanding, on the sidelines of the 2024 Edition of the International Africa Development Forum.
Initialed by Mohamed El Kettani, CEO of the Attijariwafa bank group and by Wamkele Mene, the Secretary General of the AfCFTA Secretariat, this memorandum of understanding concerns the cooperation of the two parties with a view to mobilizing resources, identifying and supporting the implementation of projects in priority sectors such as infrastructure, energy, agriculture, agro-industry, automotive, pharmaceutical industry, transport and logistics.
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The two parties also committed to supporting African Trading Companies that facilitate and stimulate intra-African trade, to promoting the participation of women and young entrepreneurs in the AfCFTA to further foster job and project creation, and to rely on the Club Afrique Développement of the Attijariwafa bank group, as a South-South exchange platform for the benefit of the African entrepreneur community.
Thus, the Attijariwafa bank group and the AfCFTA have agreed, through this agreement, on the fundamental principles of this cooperation. This includes promoting AfCFTA trade and investment opportunities, mutually participating in events and forums organized by both parties as well as in sectoral economic missions organized on the Continent by the Africa Development Club.
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This agreement will also allow the parties to take part in the “Sufawe” initiative of the Africa Development Club by supporting and strengthening its program and to co-organize sectoral webinars for AfCFTA opportunities (Automobile, Agro-industry). Finally, it will also involve exchanging information and publications on markets linked to trade and investment in Africa.
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