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Agadir – Bank of Africa (BOA) has signed two strategic cooperation agreements in Beijing to strengthen economic ties between China and Africa, as the Moroccan banking group seeks to position itself as a key gateway for Chinese investment across the continent.
The agreements, signed on June 21 and 23 with the China International Exhibition Center Group (CIEC Group) and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), focus on promoting trade, attracting investment, and creating new business opportunities between Chinese and African companies.
In a statement, BOA said the partnerships reinforce its role as “a leading partner in China-Africa relations” and strengthen its position as “an economic gateway between China and Africa.”
Supporting African participation in China’s supply chain expo
The first agreement, signed with CIEC Group on June 21, establishes cooperation around the fifth edition of the China International Supply Chain Expo (CISCE), scheduled to take place in Beijing in 2027.
Described by BOA as “the world’s first national exhibition entirely dedicated to supply chains,” CISCE serves as a major platform for international business cooperation.
Through the agreement, the two sides will collaborate to promote the event, facilitate the participation of African companies and official delegations, and create opportunities for business meetings between Chinese and African economic actors.
“Through this agreement, both parties commit to developing joint initiatives to promote the event, encourage the participation of African companies and delegations, and facilitate business meetings and partnership opportunities between Chinese and African economic players,” BOA said.
The bank added that the memorandum reflects a shared effort to integrate African businesses into global value chains and support their international expansion.
Facilitating Chinese investment in Africa
A second memorandum of cooperation was signed on June 23 with CCCME, one of China’s largest organizations dedicated to promoting foreign trade and industrial cooperation.
According to BOA, the agreement seeks to strengthen commercial and economic exchanges between China, Morocco, and the African countries where the group operates, while encouraging high-value-added investments and industrial projects.
“This agreement aims to strengthen economic and trade exchanges between China, Morocco, and all countries where the BANK OF AFRICA Group operates, while promoting the development of high-value-added investments and industrial projects,” the bank explained.
With operations spanning 31 countries and a strategic presence in Shanghai, BOA said it is well positioned to support Chinese companies looking to expand into African markets.
“The Group will support Chinese companies in their investment and development projects on the African continent through a comprehensive range of financing, trade finance, and banking services tailored to their needs,” the statement noted.
Strengthening south-south cooperation
The agreements come as Morocco continues to attract growing Chinese investment across sectors such as automotive manufacturing, renewable energy, batteries, logistics, and industrial production.
BOA said the partnerships align with its broader strategy of facilitating trade and investment flows between Africa and global partners while advancing South-South economic cooperation.
“These initiatives are fully aligned with BANK OF AFRICA’s strategy to support trade and investment flows between Africa and its international partners, while contributing to the strengthening of South-South economic cooperation,” the bank concluded.
