BANK OF AFRICA accompanies a Chinese automotive group in its quest for Africa
To mark Morocco’s participation in the China-Arab Countries Expo in Yinchuan from August 19 to 21, BANK OF AFRICA and Chongqing Sokon Motor Group have entered into A partnership.
BANK OF AFRICA is increasing its cooperation agreements with high-level Chinese economic actors to confirm its position in boosting economic connections between Morocco and China, and more broadly between China and Africa.
During the «Morocco investment conference» organized by CCPIT and AMDIE, the Ministry of Industry, the Moroccan Embassy, the CGEM, the BANK OF AFRICA, Chinese and Moroccan officials, and representatives of Chinese industrial groups, signed this agreement with Chongqing Sokon Motor Group.
The agreement with Chongqing Sokon Motor Group allows the two institutions to support commercial cooperation through the exchange of information on investments and Sino-African financing as well as through the organization of various corporate seminars.
In addition to providing the necessary financial support to the Chinese automotive group for the penetration of the Moroccan and African markets.