The Moroccan group BMCE Bank of Africa (BoA) and the Japanese Marubeni Corporation have signed a memorandum of understanding to encourage the development of new business opportunities in Morocco as well as in various African countries.
In a statement from the bank, released Thursday, May 10, the BMCE said that the two parties will collaborate to attract investors who want to establish in Morocco and Africa and also work to realize business opportunities.
It will be for both entities to regularly exchange information on existing projects and business opportunities as well as on the study of financing solutions for strategic projects of the Marubeni group and its partners.
Note that the signing ceremony of the memorandum of understanding was scheduled in Johannesburg, South Africa, on May 3, 2018, during the Japan-Africa Public-Private Economic Forum in the presence of Mohammed Agoumi, Deputy Chief Executive Officer, in charge of the International Coordination of BMCE BoA on the one hand and representatives of the Japanese group on the other hand (Mutsumi Ishizuki, Managing Executive Officer, Regional CEO for Europe & CIS and Takashi YAO, Corporate Officer, Regional CEO for Africa ).
As a reminder, Marubeni Corporation is an international trading and investment company based in Tokyo. On 14 March 2017, they obtained the CFC status for their liaison office in Casablanca, which plans to strengthen its activities in West Africa; it became the first Japanese company to obtain CFC status.
