Bank Of Africa’s (BMCE) Chairman, Othman Benjelloun, received the head of the state-owned insurance company Sinosure – China Export & Credit Insurance Corporation, on Wednesday. Sheng Hetai arrived to discuss and promote collaboration between Morocco and China in various commercial sectors, the Moroccan News Agency (MAP) reported.
During the meeting, a new memorandum of understanding (MoU) was signed by BMCE’s CEO, Khalid Nasr, and Hetai, intending to support joint projects through financing and warranty solutions, as well as fostering cooperation in export-related interests by exchanging information, experiences, and expertise in export credit policies and practices.
The partnership seeks to promote and enhance trade connections and investments between the Asian and North African nations, thereby bolstering exports from both nations.