The Bank of Africa Group (BOA) and the China-Africa Development Fund CADFund have signed a partnership agreement aimed at co-financing Chinese investment in Africa.
According to a press release from BOA, this agreement confirms the major role played by the Bank in the economic rapprochement between China and Africa.
Continuing that this is a promising cooperation aimed at co-financing Chinese investment in Africa, either through the establishment of joint ventures or through direct bank financing by relying on the Group's large African network.
Both parties undertake to capitalize on their respective mastery of the Chinese and African markets to create value for their customers and partners. And promote, facilitate and co-finance Chinese companies wishing to set up in the city Mohammed VI Tanger Tech.
CADFund has a financing capacity of 10 billion US dollars (USD), exclusively dedicated to productive investment in Africa.