Strengthening private sector financing and promoting African trade; it is with this vision that the African Development Bank (BAD) and Attijariwafa bank, the European subsidiary of the Attijariwafa bank group, signed a 100 million euro risk-sharing agreement on Thursday, January 25, 2024 in Casablanca.

According to a statement from the AfDB, the agreement should catalyze nearly 500 million euros in trade for companies operating in more than 20 African countries. This will make it possible “to diversify the production capacity of countries, to strengthen their competitiveness, to generate additional tax revenues and to create new employment opportunities”.

This partnership will allow Attijariwafa bank to finance businesses in the health, agriculture and agri-food, renewable energy, renewable energy, telecommunications and services sectors.