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Marubeni & BMCE Bank of Africa Sign MOU for New Businesses

Source: www.gulfoilandgas.com 5/7/2018, Location: Africa

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Marubeni Corporation (Marubeni) has signed a Memorandum of Understanding (the Agreement) with BMCE Bank of Africa (BMCE) for the joint development of new business opportunities in Morocco and other African countries.

BMCE is one of the largest commercial banks in Morocco, founded originally by the Moroccan government in 1959 to promote trade with Africa, and later privatized. Nowadays BMCE operates widely throughout sub-Saharan Africa, particularly in francophone countries, and it has one of the largest operations in Africa amongst Moroccan banks.

Marubeni has designated its Casablanca Office as a regional strategic base for West Africa and in March 2017 became the first Japanese company to obtain CFC (Casablanca Finance City) status. Since then, with the benefits of CFC status, Marubeni has continued to develop new business taking into account the future prospects for African markets.

Through this agreement, Marubeni and BMCE will work together to develop new businesses in Morocco and Africa, using their respective networks in various industries and regions, and introducing potential clients and individual projects to each other.

For more information about related Opportunities and Key Players visit North Africa Projects

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