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Thursday 28 November 2019

Attijariwafa Bank Signs MoU with African Guarantee Fund in Favor of Women Entrepreneur

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Attijariwafa Bank Signs MoU with African Guarantee Fund in Favor of Women Entrepreneur

A Memorandum of Understanding (MoU) between the Attijariwafa bank group and the African Guarantee Fund group, a major fund in Africa, has been signed on the sidelines of the Global Gender Summit, which takes place in Kigali on 24-27 Nov. 2019.

This agreement will enable the Attijariwafa bank group to support women entrepreneurs by benefiting from portfolio guarantees on the one hand, and to provide technical support, in partnership with the African Guarantee Fund, to SMEs in all the Group’s presence countries on the other, the Attijariwafa bank group said in a press release.

The MoU was signed by Hicham Fadili, Director of Business Development at International Retail Banking and Jules Ngankam, Deputy General Manager and Chief Financial Officer of the African Guarantee Fund Group.

“The signing of this memorandum is the embodiment of a strong partnership between two major Groups that are heavily involved in the development of Africa. Our Group has always supported entrepreneurs and in particular the woman entrepreneur who is strongly committed to our African societies,” said Mohamed El Kettani, CEO of Attijariwafa bank group, on this occasion.

“As such, our bank signed, at the last International Africa Development Forum, with the African Development Bank and four African associations working for women entrepreneurs, an agreement to promote the SUFAWE (Stand Up for African Women Entrepreneurs) initiative,” he added, noting that “the African Guarantee Fund, as a major player in supporting African SMEs, is the ideal partner to further develop our support for women’s entrepreneurship in Africa”.

For his part, Félix Bikpo, Managing Director of the African Guarantee Fund group, said “the signing of this MoU is an expression of the strong will of the African Guarantee Fund group to support African SMEs.”

“Its financing is all the more important, knowing the role it plays in African economies. We are already working with the Attijariwafa bank group and are pleased to see the expansion of this partnership to other countries,” he added.

Attijariwafa bank has launched a significant number of initiatives in favor of entrepreneurship, including Dar Al Moukawil, an exclusive and innovative concept, dedicated to the support, training, consulting in favor of VSEs, clients and non clients, via physical centers and a digital platform www.daralmoukawil.com, particularly for the creation of enterprise, project development and market access.

MAP 27 November 2019