Moroccan Attijariwafa Bank Inks Partnership Accords with Ivorian Defense Ministry

Moroccan Attijariwafa Bank Group has inked two partnership agreements with the Ministry of Defense of Côte d’Ivoire, showing the two countries strong determination to improve the working and living conditions for the members of the Ivorian army.

The two deals were signed in Abidjan under the chairmanship of President Alassane Ouattara and King Mohammed VI during the current royal visit to this African country.

The Moroccan bank will participate in financing two new military camps and set up a line of credit to fund housing for the country’s armed forces.

Attijariwafa Bank deals are among the 14 cooperation agreements sealed in presence of the Moroccan King and president Ouattara.

The other agreements cover cooperation in the fields of pharmaceutical industry, road infrastructure, finance, small and medium sized enterprises, social development, techno parks, data processing, transportation and logistics.

Côte d’Ivoire is the fourth stop in a new Royal tour in Africa, which led the king to Ghana, Zambia and Guinea. The new tour aims at fostering political and economic ties with African countries as Morocco continues to champion a south-south cooperation model in the continent.

The North African Kingdom, rejoined lately the African Union, and seeks currently membership within the West African community ECOWAS.

Set up in 1975, the regional bloc gathers Benin, Burkina Faso, Cape Verde, Ivory Coast, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Sierra Leone, Senegal and Togo.

The goal of ECOWAS is to create a single, large trading bloc through economic cooperation. It is regarded as a successful regional body and a model of integration and regional co-existence.

With the inclusion of Morocco, the ECOWAS will jump, with its aggregated GDP, to the 16th rank globally.