In a landmark move to strengthen trade and investment flows between China and Africa, Attijariwafa Bank has officially partnered with the China Africa Business Council (CABC). The alliance aims to boost private Chinese investments across Africa, solidifying the bank’s role as a key player in facilitating economic ties between the two regions.
This strategic partnership was formalized by Mohamed El Kettani, CEO of Attijariwafa Bank, and Bill Ao, Vice-President of CABC. The agreement outlines a roadmap to support Chinese investors entering African markets. This includes organizing delegations of Chinese businesses, hosting sector-specific events, facilitating the exchange of vital market information, and introducing investors to high-potential opportunities across the continent.
The signing ceremony took place during the “China-Africa Investment Dialogue: Unlocking Business and Financial Opportunities” event, hosted by Attijariwafa Bank on December 5, 2024. This high-profile gathering welcomed CABC representatives visiting Morocco, alongside over 40 Chinese clients and partners. Attijariwafa Bank, already a trusted partner for Chinese businesses operating in Morocco and beyond, showcased its commitment to facilitating growth for enterprises expanding across Africa.
Speaking at the event, Mohamed El Kettani highlighted the significance of the collaboration: “This partnership with CABC underscores our commitment to fostering robust economic ties between China and Africa, creating remarkable growth opportunities for our clients and partners in both regions.”
Further emphasizing the bank’s efforts, Youssef Rouissi, Deputy CEO, outlined the pivotal role of Attijariwafa Bank’s Beijing office, established in 2022. He described it as a strategic hub for China-Africa relations, serving as a bridge for Chinese enterprises to access Africa’s dynamic markets. Through a combination of local expertise and international best practices, the bank offers tailored advisory services to ensure seamless integration for Chinese businesses in Africa.
On behalf of CABC, Bill Ao expressed enthusiasm for the partnership, stating: “Partnering with Attijariwafa Bank, a leading pan-African financial institution, is a strategic step. Together, we provide Chinese private enterprises with the critical insights and access points they need to thrive in Africa’s vast market. This collaboration paves the way for sustainable development and shared success.”
The alliance is a testament to the growing synergy between China and Africa, as both regions explore avenues for deeper economic integration. For Attijariwafa Bank, the partnership represents another milestone in its mission to act as a bridge between continents, driving innovation, investment, and shared prosperity.
With the Beijing office as its centerpiece, Attijariwafa Bank continues to expand its reach, creating pathways for Chinese investors to tap into Africa’s immense potential while contributing to the continent’s long-term development.
