Afreximbank and Banque De Développement des Etats de L’Afrique Centrale (BDEAC), the regional development finance institution established to promote the development of the Economic and Monetary Community of Central Africa (CEMAC), have entered into a memorandum of understanding (MoU) formalising their cooperation and collaboration in promoting trade and economic development.
Under the terms of the MoU signed at the just-concluded Afreximbank Annual Meetings (AAM2024) in the Bahamas, the two institutions, which already enjoy a close and long-standing relationship, will expand and strengthen their collaboration and co-operation by joining forces to support the economic development agenda of Africa.
Speaking on the signing, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank, stated “Afreximbank is pleased to have found in BDEAC a strategically important regional partner through, and with whom, to expand our interventions in favour of the member states of the Economic and Monetary Community of Central Africa (CEMAC) in the context of intra-regional trade and implementation of the AfCFTA,”