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Attijariwafa bank signs a continental agreement with AGF

In addition to the Global Gender Summit, which is taking place this year in Kigali from 25 to 27 November 2019, a Memorandum of Understanding between the Attijariwafa bank group and the African Guarantee Fund (AGF) group has been signed, whose main objective is to encourage the financing of small and medium-sized enterprises.

This agreement will enable the Attijariwafa bank group to support the female entrepreneur with 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.

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

On this occasion, Mohamed El Kettani, Attijariwafa bank group CEO said: “The signing of this Memorandum is the realization of a strong partnership between two major Groups very 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. As such, our bank signed, at the last Africa Development International 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). 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, Mr. 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.”

This Memorandum perfectly matches the spirit of the Global Gender Summit. In fact, Attijariwafa bank, as a responsible leader, has launched a number of initiatives in favor of entrepreneurship, including Dar Al Moukawil, an exclusive and innovative concept, dedicated to support, advice and training, in favor of the TPE clients and non-clients, via physical centers and a digital platform www.daralmoukawil.com, in particular for the creation of business, the development of projects, access to markets …

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