Moroccan and Ethiopian bank work together

During the Royal visit by Mohammed VI to Ethiopia, the BCP Group signed a strategic cooperation.

The Moroccan bank signed the agreement with the Commercial Bank of Ethiopia and has as its ultimate aim to support the foreign trade between the two countries. The announcement of the mega-investment of the Moroccan company OCP actually overshadowed all other agreements during the visit but still come to light now.

The BCP Group owns Banque Centrale popular and the partnership with the first local bank of Ethiopia. This agreement will be extended to countries where both countries. This Moroccan bank is in 12 African countries, particularly in West Africa. The Ethiopian bank ranks as largest commercial bank of the country.