BEIJING, June 24 – Bank of Africa has signed two strategic cooperation agreements in Beijing aimed at strengthening economic ties between China and Africa as the Moroccan banking group expands its role in facilitating cross-border trade and investment.
The agreements, signed on June 21 and June 23 with the China International Exhibition Center Group and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, are designed to promote trade, attract investment and create new business opportunities between Chinese and African companies.
Bank of Africa said the partnerships reinforce its ambition to serve as a leading gateway for Chinese investment into Africa while strengthening commercial links between the two regions.
The first agreement establishes cooperation around the fifth edition of the China International Supply Chain Expo (CISCE), scheduled to take place in Beijing in 2027.
The expo, regarded as the world’s first national exhibition dedicated entirely to supply chains, serves as a major platform for international business collaboration.
Under the partnership, Bank of Africa and CIEC Group will work together to promote African participation in the event, facilitate the attendance of business delegations and create networking opportunities between African and Chinese companies.
The bank said the initiative is intended to help integrate African businesses into global value chains while supporting their international expansion.
A second memorandum of cooperation signed with CCCME focuses on expanding commercial and investment ties between China, Morocco and the African countries where Bank of Africa operates.
The agreement aims to encourage high-value industrial investments, strengthen trade cooperation and support the development of strategic projects across multiple sectors.
With operations spanning 31 countries and a representative presence in Shanghai, Bank of Africa said it is well positioned to support Chinese companies seeking to establish or expand operations across Africa.
The banking group plans to provide a comprehensive range of financial services, including corporate banking, trade finance and investment support tailored to Chinese businesses entering African markets.
The agreements come as Morocco continues to attract increasing levels of Chinese investment, particularly in sectors such as automotive manufacturing, renewable energy, battery production, logistics and industrial development.
Bank of Africa said the partnerships align with its long-term strategy of facilitating trade and investment flows between Africa and global partners while strengthening South-South economic cooperation.
The initiatives also reflect the growing importance of financial institutions in supporting deeper Africa-China economic integration through investment facilitation, cross-border financing and expanded access to regional markets.
