A business forum aim to promote, foster and enhance trade and investment flows between participating Arab and African countries agreed on a Memorandum of Understanding (MOU) with the Banque Centrale Populaire (BCP), a major financial player in Africa. This MOU is to extend further its successful partnership with the bank.
This is the second agreement signed between the two parties, upon the successful implementation of the first agreement signed in June 2017 with BCP’s Cote d’Ivoire based banking subsidiary, ABI (Banque Atlantique), with the total amount of EUR40 Million financing.
The business forum led by the International Islamic Trade Finance Corporation (ITFC), in its effort to continue connecting businesses in Agadir and West Africa.
Eng. Hani Salem Sonbol, CEO ITFC said:
“Organizing this important forum comes in line with our core mandate to develop and advance intra-OIC trade. ITFC will continue to support member countries’ businesses to have better access to trade finance instruments, as a tool to stimulate growth, create job opportunities and reduce poverty.”